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CITY OF ST ANTHONY <br /> RESOLUTION No. 10-086 <br /> A RESOLUTION SETTING THE CITY OF ST.ANTHONY'S <br /> 2011 GENERAL OPERATING <br /> BUDGET AND PROPERTY TAX LEVY. <br /> WHEREAS, Minnesota State Law requires the City of St.Anthony provide Hennepin and Ramsey <br /> Counties with a 2011 certified operating budget and property tax levy;and <br /> WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2010, goal setting <br /> session, held a Public Hearing on April 27, 2010, reviewed the 2011 operating budget and tax levy at <br /> their March 1 st,2010,May 3rd,2010,August 2nd,2010 and October 4th,2010,work sessions;and <br /> WHEREAS, the City Council further reviewed the 2011 operating budget, property tax levy and the levy limits <br /> established by the Minnesota Department of Revenue at its August 24,2010,council meeting; and <br /> WHEREAS, the Road Improvement Levy of$1,368,491.86 is reduced by the transfer of Chandler Tax Increment <br /> totaling$68,808.82 into the road improvement fund;and <br /> WHEREAS, The City Council held the required budget meeting on December 14, 2010, 7:00 P.M. in its Council <br /> Chambers,to discuss the 2011 operating budget and property tax levy with the residents of St.Anthony; <br /> and <br /> WHEREAS, the information required for the City Council to determine a definitive 2011 property tax levy has been <br /> collected. <br /> NOW,THEREFORE,BE IT RESOLVED that: <br /> 1) The collectible 2011 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/Public Facilities $ 406,676.00 <br /> Housing&Redevelopment Authority Levy $ 110,500.00 <br /> Tax Abatement Levy-Central/Emerald Park Bonds $ 145,065.82 <br /> PERA Rate Increase Levy $ 7,500.00 <br /> Total 2011 Tax Levy $4,914,935.86 <br /> 2) The 2011 General Fund Budget totals$5,478,000. <br /> 3) The City Council approves the reduction of the 2011 Road Improvement Levy for the 2009A G.O. <br /> Improvement Bonds by transferring $68,808.82 from the Chandler TIF Fund#321 into the 2009A Road <br /> Improvement Bond Fund#512. <br /> Adopted this 14th day of December,2010 <br /> ayor <br /> r/ <br /> ATTEST: iw�46K'LI <br /> City Clerk <br /> Review for Administration: <br /> City Manager <br />