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CITY OF ST ANTHONY VILLAGE <br /> RESOLUTION No. 10-060 <br /> A RESOLUTION SETTING THE CITY OF ST. ANTHONY VILLAGE <br /> PROPOSED 2011 TAX LEVY AND BUDGET. <br /> WHEREAS, Minnesota State Law requires the City of St. Anthony Village provide Hennepin and Ramsey <br /> Counties with a proposed 2011 certified property tax levy and budget; and <br /> WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2010, goal <br /> setting session, held a Public Hearing on April 27, 2010, reviewed the 2011 property tax levy, <br /> budget and the capital equipment needs at their March 1st, 2010, May 3rd, 2010 and August <br /> 2nd, 2010,work sessions; and <br /> WHEREAS, the City Council further reviewed the 2011 property tax levy, operating budget and the levy <br /> limits established by the Minnesota Department of Revenue at the August 24, 2010, council <br /> meeting; and <br /> WHEREAS, the Road Improvement Levy of $1,368,491.86 is reduced by the transfer of Chandler Tax <br /> Increment totaling$68,808.82 into the road improvement bond fund; and <br /> WHEREAS, the proposed tax levy and budget is contingent upon any revisions allowed if the current law is <br /> modified; and <br /> WHEREAS, the City Council will determine a definitive property tax levy and budget at the Tuesday, <br /> December 14, 2010 budget meeting at 7:00 p.m. with public input. <br /> NOW, THEREFORE,BE IT RESOLVED that: <br /> 1) The collectible 2011 proposed property tax levy is: <br /> General Fund Property Tax Levy $2,945,511.00 <br /> Road Improvement Levy $1,299,683.04 <br /> Lease Revenue Bonds $ 406,676.00 <br /> Housing&Redevelopment Authority Levy $ 110,500.00 <br /> Tax Abatement Levy $ 145,065.82 <br /> PERA Rate Increase Levy $ 7,500.00 <br /> Total 2011 Proposed Tax Levy $4,914,935.86 <br /> 2) The 2011 General Fund Proposed Budget totals$5,478,000. <br /> 3) The City Council approves the reduction of the 2011 Road Improvement Levy for the 2009A <br /> G.O. Improvement Bonds by transferring $68,808.82 from the Chandler TIF Fund #321 into the <br /> 2009A Road Improvement Bond Fund#512. <br /> Adopted this 14th day of Se tember 01 <br /> v <br /> Mayor <br /> ATTEST: <br /> City Clerkj JR <br /> Reviewed for Administration. 1-4 <br /> City Manager <br />