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Capital Improvements <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 />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 />To help offset the cost of operations and capital equipment, Staff seeks Grants and Donations <br />from Federal, State and private sources. <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 />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 />Recommendation <br />Staff recommends that Council approves resolution 15-xxx; Adopting the 2016 Budget <br />document and certifying the final Property Tax Levy to Hennepin and Ramsey Counties. <br />5