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<br />. <br /> <br />CASE #4: <br /> <br />6'f\ <br /> <br />. <br /> <br /> <br />Earliest Date <br />By Law Taxes <br />Can be remitted <br />by Counties <br /> <br />March 5 <br />June 5 <br />NoveIIiber 5 <br /> <br />t <br />( <br />I <br />i <br />I <br /> <br />March 5 <br />June 5 <br />November 5 <br /> <br />''{ <br /> <br />'''---- <br /> <br />In reviewing this over with the City Assessor he is not out of <br />line with his request as he lost 424 man hours on the Board of <br />Review action and then on the switching of the 7% to 5% and <br />then back to 7%. The correcting of these records is just simply <br />more time consuming and the whole episode has played havoc with <br />the Assessor's whole time frame. In the future, we all are <br />going to have to be more cognizant of time frames and how it <br />affects productivity here. <br /> <br />Council Action: Your action will be to approve or ,disapprove <br />of the above request. If you disapprove of the r~quest, I will <br />need some policy decisions from Council on this matter. If <br />Council approves of the above request, the following motion will <br />have to be adopted: <br /> <br />Motion by Councilpersj'5)1 ?-(' ~ and seconded by <br />Councilperson " ~~,' to authorize the City Assessor <br />an additional;l!rhours of parttime help at the rate of <br />$4.65 an hour. _ AD /I j <br /> <br />~~tion::lfl};:t. Voting yes ,~ Voting <br /> <br /> <br />- <br /> <br />LATE TAX SETTLEMENT REMITTANCE FROM ANOKA COUNTY TO CITY OF <br />RAMSEY : <br /> <br />Enclosure (D2-c) contains an excerpt of the League Calendar and <br />also an excerpt from the State Statutes which pertains to the <br />counties responsibility in remitting of collected tax dollars <br />back to cities. The following is submitted on Anoka County's <br />remittance of tax dollars collected to the City of Ramsey: <br />---~---._-'" <br /> <br />Actual date Anoka <br />County Remitted <br />taxes to City of <br />Ramsey <br /> <br />-~~ '~"--~~~--"""'-_."'----""'-"-"'-""""""'~ <br /> <br />----'rnt'er'est" that <br />could have <br />Interest rate been earned by <br />at that period City of Ramsey <br /> <br />"-< '---~-~-~,-~~ ~ -~ ' "-" -" <br /> <br />9.13% $ l24.00) <br />9.65% $1,052.00 <br />12.75% $1,402.00 <br /> <br />Actual dollars <br />remitted to <br />~Ci ty of Ramsey <br /> <br />\APril 2, 1979 <br />July 16, 1979 <br />DeceIIiber 17, 1979 <br /> <br />$ 16,332.00 <br />$130,851.00 <br />$131,928.00 <br /> <br />(April 15, 1980 <br />'July 21, 1980 <br />lPeceIIiber 19, 1980 <br /> <br />14.76% <br />8.10% <br />13.00% <br /> <br />$ 242.00) <br />$1,372.00 <br />$2,166.00 <br /> <br />$ 19,684.00 <br />$203,360.00 <br />$200,013.00 <br /> <br />The first ,National Bank gave me the interest rates we could <br />have gotten on those tax dollars had we received them. The <br />interest was computed from the earliest date we could have re- <br />ceived the tax settlement to the date we actually got the tax <br />settlement. Consequently, as you can see we are losing a few <br />dollars ($6,359.00). <br /> <br />-----.;...------,,---------------,---~ .. <br />