Agenda - Council - 09/08/1981 - Laserfiche WebLink

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I i I I I I I I I ri I I I I I I I Schedule M - continued the latest assessment before the:basic construction permit was issued (base year value). Both the value of land and the value of any structures on the parcels subject to development should be !included. For cities in the 7-county metropolitan area (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington Counties), the assessed value of a development is before fiscal disparities, (However, the assessed value of your city or town should be after fiscal disparities.) Each basic construction,permit should be identified by the business name or type of business, so that its taxable nature and nonresidential status is clear; and the month and year in which the basic construction permit was issued should be listed. NOTE: Effective for the taxes payable year 1982 and for the calEulation of the payable 1982 levy limitation, theFe is n'o longer a' levy l~imit base adjustment for 5b% 'of the last special' levy claimed for permits which drop out of this formula special levy. Example: Allowable The costs to a county government of building a road or blacktopping a gravel road to provide access to a development site. Schedule N: PROPERTY TAX ABATEMENT (CITIES OR TOWNS ONLY)"', This is a special levy for cities or towns to recover-losses in tax receipts due to tax abatements or court actions in 1980 pursuant to M.S. 275.48. It does not apply to county governments. To avoid duplication of a special levy, the amount of this special levy is the product of the amount of the decrease in tax receipts in 1980 and the ratio of non-special to total levies in 1979/1980. Schedule O: UNFUNDED ACCRUED LIABILITY OF PUBLIC PENSION FUNDS This is a special levy for the amount for payable 1982 in excess of 106% of the corresponding amount for payable 1911 which is levied for reducing the unfunded accrued liability (deficit) of certain pension funds..~?,.',~:~..'--,~ :~,~ .... ~ .. ~. For those who claimed thiS'sPecial'levy for payable 1982, 106% ~('thJ payable 1977 levy has been entered if it was accepted as correct.. ,.i~i~:~_ ..- .. - - - ~ - . ~. ~ ~ ~ ~ .~o;,~' · · ( ~ .,. ~ .~.~ ~ . - For employees covered by the'Public Employees Retirement Association (pERA),''the amount of the employer's contribution'to reduce the deficit is ordinarily 2½% or, the salary of a basic member and 1~% of the salary'of a coordinated member. ~-,-~-~, -~ .'~ .~:.~::~.~;.:i~.'~:?~ .- . ? ! '. ..... i.~::-, .~_.y~.~.}~'~i~-~..~,! For a local Police and'Fi~emen~s Relief Association, actuarial surveys are made on a regular basis~ The levy 'for. the deficit is the amount contained in the.- amortization schedule, based on the'latest actuarial survey of the retirement fund. If a new actbarial survey has been madeOr this special 'levy was not claimed previous years, provide'~a copy of the pages of the actuarial reports showing the For'the ¥olunteer Firefighter's Relief Association, the amount of the.levy, for: · the defi~i't' depends bpon' the'type Of'benefits paid. For associations paying monthly. pensions~'the levy'is for the' amount needed to retire the deficit according to the ' '' '-' amortizat~o'n schedule. For.assocr~ations'Paying lump sum benefit~, one-tenth of.the:;-; deficit is' the nofmal'lev~.. ]f ~age~ of"an actuarial sUrveY~eporting"6n defi~ts are available and*~ere'not"~rovided in previous Year's, please pr~vid;";~i'-;.*;'i: copies of pages'on the'deficit.'"iln the alternative a municipality may choose to ;.'.-: