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<br />rei ----\) <br />( )j <br /> <br /> <br />ITEM 8.3. <br /> <br />~:ty of <br /> <br />~l <br /> <br />TO: <br /> <br />er <br /> <br />FROM: <br /> <br />MAYOR & CITY COUNCIL <br />LORI JOHNSON, FINANCE DIRECTORt1~ <br /> <br />DATE: JUNE 17, 1993 <br />SUBJECT: URBAN/RURAL TAXING DISTRICTS <br /> <br />There have been several discussions earlier this year about the <br />need to modify the ratio of the Urban and Rural Taxing <br />Districts. In order to do that, there are several steps the <br />Council must take. <br /> <br />First, a notice of public hearing and the proposed ordinance <br />need to published 30 days prior to the public hearing. At the <br />public hearing the Council can modify the ordinance. It does <br />not need to be adopted as published along with the notice of <br />public hearing. However, the adopted ordinance needs to be <br />published as approved. Finally, the notice must be certified <br />to the County Auditor prior to August I, 1993, in order to be <br />effective for taxes payable 1994. <br /> <br />In order to meet the timeline and requirements stated above, <br />the notice of public hearing and ordinance have been sent to <br />the newspaper and will be published in the June 23 edition. <br />The notice will call for a public hearing on July 26, at 7:00 <br />p.m. The proposed ordinance amends the benefit ratio to .90. <br />Again, keep in mind that this is a proposed ordinance and the <br />Council may adjust that ratio to any number it feels <br />appropriate. Also, if the Council wishes, it can adopt an <br />ordinance which would call for future adjustments of the ratio <br />(i.e., .90 in 1994, .95 in 1995, and 1:1 in 1996). Prior to <br />the July 26 public hearing, I will provide information on the <br />affect the change in the ratio will have on both the Urban and <br />Rural Tax Rate. In the meantime, if you should have any <br />questions, please feel free to contact me. <br /> <br />At Monday's meeting, the Council is asked to call a public <br />hearing for July 26, at 7:00 p.m. to discuss amending Ordinance <br />1406 of the Elk River Code of Ordinances titled "Rural/Urban <br />Service Districts." <br /> <br />P.o. Box 490 @ 13065 Orono Parkway 0 Elk River, MN 55330 0 (612) 441-7420 e Fax: (612) 441-7425 <br />