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BOARD MEMBERS <br />A Johnstone <br />Chair. lAnnetonka <br />Oougtas E BabcocH <br />Vice Chair. Spnrig Park <br />Joseph ZwaK <br />Secreury Greanwood <br />Robert Rascop <br />Treasurer Shoreerood <br />Mike Bloom <br />Minr>etortka Beach <br />Albert (Bed) Foster <br />Deephaven <br />James N Grathwoi <br />Exceisiof <br />Ouane MarKus <br />Wayzata <br />Ross McGiasson <br />Tonka Bay <br />Craig MoNet <br />Victoria <br />Eugene PartyKa <br />Minnetrisia <br />Tom Reese <br />Mound <br />HerbJ Suerth <br />Woodland <br />Orono <br />60N n#c#c.«d Coni#ot <br />30^* Po^i Aasti* <br />LAKE MINNETONKA CONSERVATION DISTRICT <br />900 EAST WAYZATA BOULEVARD. SUITE 160* WAYZATA VtNNESOTA 56391 « TELEPHONE 612 473 /033 <br />': T <br />September 7, 1995 <br />TO:LMCD Cities <br />LMCD Board of Directors <br />FROM:Greg Nybeck, Administrative/xechnician <br />f :iocT <br />SUBJECT: 1996 Budget Allocations <br />It has recently come to our attention that the formula <br />used to calculate allocation of levies for the 1996 LMCD <br />Budget was not correct. <br />However, Minnesota Statutes, Section 103B.631, Subd. 2 <br />states "the expenses of the district shall be borne by <br />the municipalities. The portion of the expenses of the <br />district borne oy each municipality roust be in <br />proportion to its net tax capacity provided that the <br />portion of any one municipality may not be more than 20 <br />percent of the total expense or less than $200". The <br />allocations previously forwarded to the cities were <br />calculated in proportion to taxable market value, not <br />the net tax capacity of each municipality. <br />Enclosed is a revised schedule of levies using net tax <br />capacity for the 1996 LMCD Budget and a copy of the <br />enabling legislation described above. We apologize for <br />any inconveniences for which our error may have caused <br />you. Feel free to call me if you have questions or <br />additional concerns. <br />Minnesota Statutes, Section 103B.635, Subd. 2 (a) <br />describes "the governing body or board of supervisors of <br />each municipality in the district must provide the funds <br />necessary to meet its proportion of the total cost <br />determined by the board, provided the total funding from <br />all municipalities in the district for the costs shall <br />not exceed an amount equal to .00242 percent of the <br />total taxable market value within the district, unless <br />three-fourths of the municipalities in the district P^ss <br />a resolution concurring to the additional costs". Staff <br />review of the approved levy indicates it is well within <br />what is allowed by state law at .00224 percent of <br />taxable market value in the district.