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<br /> <br />Capital Improvements <br /> <br /> <br />For 2016, the median taxable valuation in St. Anthony is $255,000. Based on the median <br />valuation of $255,000, the “City Portion” of property taxes totals $1,575.19. A breakdown of <br />the taxes is as follows: <br /> <br />1) General Fund Budget $ 902.20 <br />2) Road Improvements $ 487.39 <br />3) Public Facilities $ 103.22 <br />4) Tax Abatement $ 41.34 <br />5) Capital Improvements $ 41.04 <br /> Total $1,575.19 <br /> <br /> <br /> <br />To help offset the cost of operations and capital equipment, Staff seeks Grants and Donations <br />from Federal, State and private sources. <br /> <br />Recently accepted Grants include: <br />• Minnesota Public Facilities Authority- Silver Lake Treatment System - $247,442 <br />• Rice Creek Watershed District – Silver Lake Treatment System - $50,000 <br />• Rice Creek Watershed District – Central Park Bio-Filtration System - $50,000 <br />• Hennepin County Recycling Grant-2nd half of 2015 Grant - $10,663 <br />• Kiwanis Club of St Anthony (Police Department) - $500 <br />• Ramsey County Recycling Grant - $5,000 <br />• Public Safety Officer's Disability Grant (FD) - $4,303 <br /> <br />At tonight’s Council meeting a resolution needs to be passed adopting the 2016 budgets and <br />certifying the final tax levy to Hennepin and Ramsey Counties. <br /> <br />Recommendation <br /> <br />Staff recommends that Council approves resolution 15-073 Adopting the 2016 Budget <br />document and certifying the final Property Tax Levy to Hennepin and Ramsey Counties. <br />31