RES 15-054 Setting the Proposed 2016 Tax Levy and General Operating Budget

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 15-054 A RESOLUTION SETTING THE PROPOSED 2016 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY VILLAGE WHEREAS, Minnesota State Law requires that the City of St. Anthony Village provide Hennepin and Ramsey Counties with a proposed 2016 certified property tax levy and operating budget; and WHEREAS, the City Council discussed key financial issues and budgeting goals at the July 31st, 2015, work sessions and a public meeting was held on April 28, 2015 for input on the budget process; and WHEREAS, the allowed Debt Levies will be reduced by $301,921; and WHEREAS, the City Council further reviewed the proposed 2016 property tax levy and general operation budget at the August 25, 2015, City Council meeting; and WHEREAS, the proposed tax levy and budget is contingent upon any revisions allowed if the current law is modified; and WHEREAS, the City Council will determine a definitive property tax levy and budget at the Tuesday, December 8, 2015, public hearing held at 7:00 p.m. in the Council Chambers. NOW, THEREFORE, BE IT RESOLVED that: 1) The proposed collectible 2016 Property Tax Levy is: General Operating Levy $3,385,370 Capital Improvement Project Levy $ 80,990 Road Improvement Levy $1,828,848 Lease Revenue Bonds $ 387,322 Housing and Redevelopment Authority Levy $ 140,170 Tax Abatement Levy $ 155,112 Building Improvement Levy 73,000 2) The proposed 2016 General Operating Budget totals $6,936,342. Adopted this 8`" day of September, 2015. ATTEST: Nicole Miller, City Clerk Reviewed for administration: $6,050,812 Jerome O. Faust, Mayor Mark Casey, City Manager