FAIRMONT CITY COUNCIL ADJOURNED MEETING TUESDAY, APRIL 15, 2025 4:30 P.M. COUNCIL CHAMBERS PUBLIC SAFETY BUILDING 500 QUINCY STREET AIRMONT, WEST VIRGINIA AGE N - DA I. CALL TO ORDER = Mayor Bolyard II. ROLL CALL OF MEMBERS - Janet L. Keller, City Clerk III. PUBLIC HEARING 1. Proposed Levy Rates Beginning July 1, 2025. IV. CONSIDERATION OF COUNCIL BUSINESS 1. Adoption, A Resolution Approving Rates Of Levy Laid By City Of Fairmont, Marion County, And Approved By The State Tax Commissioner For Municipal Purposes For The Fiscal Year Beginning July 1, 2025 In Accordance With Chapter 11, Article 8 Of The West Virginia Code, As Amended. V. ADJOURNMENT NOTICE SPECIAL MEETING OF THE COUNCIL OF THE CITY OF FAIRMONT PLEASE TAKE NOTICE that the undersigned will convene an adjourned meeting of the Council of the City of Fairmont on Tuesday, April 15, 2025 at 4:30 p.m., in Council Chambers, 500 Quincy Street, Fairmont, West Virginia for the purpose of the following: 1. Public Hearing on Proposed Levy Rates. 2. Adoption, A Resolution Approving Rates Of Levy Laid By The City Of Fairmont, Marion County, And Approved By The State Tax Commissioner For Municipal Purposes For The Fiscal Year Beginning July 1, 2025 In Accordance With Chapter 11, Article 8 Of The West Virginia Code, As Amended. Given under my hand this the 8th day of April, 2025. Anne Bolyard Mayor ITEM 1 A RESOLUTION APPROVING RATES OF LEVY LAID BY THE CITY OF FAIRMONT, MARION COUNTY, AND APPROVED BY THE STATE TAX COMMISSIONER FOR MUNICIPAL PURPOSES FOR THE FISCAL YEAR BEGINNING JULY 1, 2025 IN ACCORDANCE WITH CHAPTER 11, ARTICLE 8 OF THE WEST VIRGINIA CODE, AS AMENDED SYNOPSIS This resolution approves the levy rates for the City of Fairmont beginning July 1, 2025 in accordance with Chapter 11, Article 8 of the West Virginia Code. A RESOLUTION APPROVING RATES OF LEVY LAID BY THE CITY OF FAIRMONT, MARION COUNTY, AND APPROVED BY THE STATE TAX COMMISSIONER FOR MUNICIPAL PURPOSES FOR THE FISCAL YEAR BEGINNING JULY 1, 2025 IN ACCORDANCE WITH CHAPTER 11, ARTICLE 8 OF THE WEST VIRGINIA CODE, AS AMENDED WHEREAS, pursuant to a Notice duly sent to each member of Council of the City of Fairmont in accordance with the Charter of the City of Fairmont, Section 2.11 Procedure; an Adjourned Meeting was scheduled for April 15, 2025 at 4:30 p.m. for the adoption of a Resolution Approving Rates of Levy Laid by the City of Fairmont, Marion County, and Approved by the State Tax Commissioner, for Municipal Purposes for the Fiscal Year Beginning July 1, 2025 in Accordance with Chapter 11, Article 8 of the West Virginia Code, as Amended. WHEREAS, at the Adjourned Meeting of the Fairmont City Council, held on the 15th day of April, 2025, the following order was made and entered: SUBJECT: RESOLUTION APPROVING RATES OF LEVY LAID BY THE CITY OF FAIRMONT, MARION COUNTY, AND APPROVED BY THE STATE TAX COMMISSIONER FOR MUNICIPAL PURPOSES, FOR THE FISCAL YEAR BEGINNING JULY 1, 2025 IN ACCORDANCE WITH CHAPTER 11, ARTICLE 8 OF THE WEST VIRGINIA CODE, AS AMENDED. NOW, THEREFORE, BE IT RESOLVED that the Fairmont City Council does hereby direct that the rates of levy laid by the City of Fairmont, Marion County, be approved as submitted; a copy of list of levies to be entered as part of this record. PASSED this the 15th day of April, 2025. MAYOR ATTEST: CITY CLERK FISCAL YEAR JULY 1, 2025 - JUNE 30, 2026 LEVY ESTIMATE - BUDGET DOCUMENT STATE OF WEST VIRGINIA MUNICIPALITY OF FAIRMONT, WEST VIRGINIA In accordance with Code 8 11-8-14, as amended, the Council proceeded to make an estimate of the amounts necessary to be raised by levy of taxes for the current fiscal year, and does determine and estimate the several amounts to be as follows: The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows: REVENUE SOURCE Assigned Fund Balance (General Fund only) 1,013,136 Unassigned Fund Balance 2,401,507 Property Taxes - Current Expense 2,822,972 Gas & Oil Severance Tax 60,000 Excise Tax on Utilities 1,234,800 Business and Occupation Tax 5,610,000 Wine & Liquor Tax 170,000 Animal Control Tax 3,600 Hotel Occupancy Tax 20,000 Sales Tax 3,280,000 Fines, Fees & Court Costs 127,000 Licenses 95,000 Building Permit Fees 500,000 Miscellaneous Permits 17,325 Franchise Fees 175,000 Inspection, Dilapidated Building, & Vacant Property Fees 41,000 IRP Fees (Interstate Registration Plan) 150,000 Private Liquor Club Fee 16,000 Rents, Royalties, and Concessions 58,200 Rcfuse Collection 2,080,000 Police Protection Fees 635,200 Fire Protection Fees 1,109,000 Street Fees 635,200 Contributions from Other Entities 120,000 Payment in Lieu of Taxes 27,000 Gaming Income 11,000 Interest Earned on Investments 70,200 Accident Reports 5,000 Video Lottery (LVL) 125,000 Miscellaneous Revenues (provide details on Explanations' tab) 48,200 TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 22,661,340 COAL SEVERANCE TAX FUND REVENUE SOURCE Assigned Fund Balance (Coal Fund Only) $ 10,000 Coal Severance Tax 60,000 Interest Earned on Investment 100 TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 70,100 General Coal Severance Fund Fund ESTIMATED CURRENT EXPENDITURES Economic Development $ 35,000 $ City Council 73,980 City Manager's Office 275,037 Finance Office 743,076 City Clerk's Office 133,704 Police Judge's Office 131,861 City Attorney 121,500 Main Street Program 60,000 Engineering 12,161 Personnel Office 86,857 Purchasing Department 54,721 Regional Development Authority 12,158 Building Inspection 719,478 Planning & Zoning 406,210 Data Processing 264,525 City Hall 1,128,355 Public Works Department 283,206 Contingencies 562,372 Police Department 4,190,356 Investigative Services & Control 797,655 Fire Department 6,643,634 Dog Warden/Humane Society 60,000 Fire Hydrants 109,052 Streets and Highways 912,057 Street Lights 435,000 Signs and Signals 163,990 Snow Removal 70,100 Central Garage 86,950 Garbage Department 2,050,000 Local Health Department 6,000 Parks & Recreation 426,051 Visitors Bureau 10,000 Arts & Humanities 11,000 Library 5,000 Social Services 2,058 Capital Projects Street and Transportation 1,648,336 TOTAL ESTIMATED EXPENDITURES $ 22,661,340 $ 70,100 MUNICIPALITY OF FAIRMONT, WEST VIRGINIA Regular Current Expense Levy FISCAL YEARJULY 1, 2025 - JUNE 30, 2026 Certificate of Valuation Assessed Value Levy Taxes for Tax Purposes Rate/$100 Levied CLASS I Personal Property $ 0 12.50] $ J Public Utility 0 ) Total Class I $ $ 0 CLASS II Real Estate $ 428,111,400 25.00 $ 1,070,279 Personal Property 210,002 525 Total Class II $ 428,321,402 $ 1,070,804 CLASS IV Real Estate $ 208,640,780 50.00 $ 1,043,204 Personal Property 125,819,510 629,098 Public Utility 113,222,514 566,113 Total Class IV $ 447,682,804 $ 2,238,415 Total Value & Projected Revenue $ 876,004,206 $ 3,309,219 Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 165,461 Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 62,875 Less Allowance for Tax Increment Financing (if Applicable) 214,922 Total Projected Property Tax Collection $ 2,865,961 Less Assessor Valuation Fund 1.50% 42,989 (Subtracted from regular current expense taxes levied only) Net Amount to be Raised by Levy of Property Taxes $ 2,822,972 MUNICIPALITY OF FAIRMONT, WEST VIRGINIA ALLOWANCE FOR TAX INCREMENT FINANCING REGULAR CURRENT EXPENSE LEVY 2025 . 2026 Column C Roll Back Levy Taxes Current Year Value Form Rate/S100 Levied Class I Personal Property $ 0 12.50 $ 0 Public Utility 0 0 Total Class I $ 0 $ Class II Real Estate $ 38,321,260 25.00 $ 95,803 Personal Property J 0 Total Class II $ 38,321,260 95,803 $ Class IV Real Estate $ 10,987,480 50.00 $ 54,937 Personal Property 16,022,204 80,111 Public Utility 0 0 Total Class IV $ 27,009,684 135,048 Total Value & Projected Reyenue $ 65,330,944 (Gross) $ 230,851 Less Delinquencies, Exoncrations & Uncollectable Taxes 5.00%. 11,543 Less Tax Discounts 2,00%. 4,386 Allowance For Tax Increment Financing 214,922 STATE OF WEST VIRGINIA COUNTY OF Marion MUNICIPALITY OF FAIRMONT I, Janet Keller Recording Officer of said municipality, do hereby certify that the foregoing are true copies from the record of the orders made and entered by the council of the said municipality on the 11 day of March, 2025. ganit d. Lue DeR (Signature) City Clerk (Official Title of Recording Officer)