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Thursday, July 10, 2014

Valuation boosts property taxes $38k on average

Thursday, August 9, 2012

McCOOK, Nebraska -- The City of McCook property tax levy is set to remain at the same $0.319044 rate that it has since 2002. A three-year-review of actual revenues shows that even though the rate has remained the same, revenues have grown by an average $38,920 per year as a result of assessed valuation changes.

The increases reflect most recently a $49,280 increase from the 2010-11 receipts to the 2011-12 receipts.

The county assessor has until Aug. 20 of each year to certify assessed values on all taxable property, which results in final numbers not being received until very late in the city's budgeting process.

Since the actual amount of revenue the levy will generate is unknown at the time of budgeting, city staff have historically budgeted the tax receipts at the same amount collected the prior year. The 2012-13 proposed budget follows that practice and reflects $998,875 in property tax revenue budgeted, the same amount collected the year prior.

Following a public hearing pertaining to setting the final tax request for the 2012-13 budget, coordinated Monday evening, City Clerk Lea Ann Doak explained that while the last several years have generally seen growth there have been years prior that saw decreases in the annual receipts when compared to the year prior.

Other items addressed during Monday's McCook City Council meeting:

* Councilors went into executive session for another strategy session pertaining to the purchase of real estate for the cation waste disposal system. Councilors approved the use of eminent domain following a similar executive session in July. City staff has targeted a 10-acre tract of land adjacent to the waste water treatment facility for the project, which includes the construction of two EPA mandated lagoons to dissipate brine and hard water that has historically been released into the Republican River. The property is owned by the Estate of Leo Randel.

* City staff was authorized to prepare and execute a contract with Miller and Associates, naming them general administrator for the city's CDBG Downtown Planning Grant.

* A request from Nebraska Public Power District to occupy city right-of-way around their substation for the installation of an underground ground wire, located at the intersection of North U.S. Highway 83 and West Q Street, was approved. The ground wire will be approximately two-and-half feet deep and three feet outside of the substation's fence.

* The lease-purchase agreement between the city and Wells Fargo Equipment Finance Inc., for the purchase of a 4-wheel drive mini-rescue pumper for the fire department, was approved. The vehicle cost came in under budget at $147,111 of the $150,000 budgeted in the 2011-12 budget.

* The closure of West D Street, between West Fifth and West Seventh Streets, on Wednesday, Aug. 8, 2012, from 7 a.m. to 8 p.m. was approved. The closure was requested for street work, which will include milling of the larger cracks and humps and the placement of hot mix asphalt.

* St. Patrick Catholic Church was authorized to close portions of East 4th and East G Streets, for their annual fall festival on Sept. 22-23, 2012.

* Applications for special liquor licenses from MO Dough LLC for wedding receptions at the Armed Forces Reserve Center, on Sept. 29 and Oct. 20, 2012, were approved.


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