HomeMy WebLinkAbout2024-134CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO.2024-134
RESOLUTION SETTING THE 2025 PROPERTY TAX LEVY
AND ADOPTING VARIOUS 2025 BUDGETS
WHEREAS, The City of Lake Elmo is required by State law to approve a resolution
setting forth an annual property tax levy to the Washington County Auditor; and
WHEREAS, Minnesota Statutes currently in force require approval of a property tax levy
and a budget in December of each year; and
WHEREAS, a Public Hearing was held on Tuesday, December 17, 2024 at 7:00 p.m.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Lake Elmo,
Washington County, Minnesota, that the following sums of money be levied for collection in 2025
upon the taxable property in said City of Lake Elmo for the following purposes:
2025 Levy
General Lev
$ 5,588,958
Debt Service Levy
3,251,728
Capital Levy
1,243,333
TOTAL LEVY
$ 10,084,019
BE IT FURTHER RESOLVED that the Finance Director is hereby authorized and
directed to transmit this information to the County Auditor of Washington County, Minnesota and
the Minnesota Department of Revenue, if applicable, in the format requested as required by law.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Lake Elmo, that
the following budgets are hereby adopted as shown in attached;
• 2025 General Fund (Fund 101) Budget
0 2025 Water Fund (Fund 601) Budget
0 2025 Sewer Fund (Fund 602) Budget
0 2025 Stormwater Fund (Fund 603) Budget
0 2025 Fire Equipment & Project (Fund 407) Budget
0 2025 Street Maintenance (Fund 408) Budget
0 2025 Debt Service (Fund 318 - 334) Budgets
0 2025 City Center Shared Expenses (Fund 703) Budget
BE IT FURTHER RESOLVED that the Capital Levy amounts shall be deposited to the
following funds as described below for use toward future improvement and replacement of capital
assets;
Fund
Fund Name
Amount
409
Infrastructure Reserve
$ 93,333
403
City Center Capital Fund
50,000
405
Park Capital Reserve Fund
100,000
410
Vehicle & Equipment Fund
400,000
408
Street Maintenance Fund
600,000
Total Capital Le
$ 1,243,333
ADOPTED, by the Lake Elmo City Council on the 17'h day of December, 2024.
arles Cadenhead
Mayor
ATTEST:
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