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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 16-064 A RESOLUTION SETTING THE PROPOSED 2017 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 2017 certified property tax levy and operating budget; and WHEREAS, the City Council discussed key financial issues and budgeting goals at the June 29th and August 1st work sessions and a public meeting was held on April 26, 2016 for input on the budget process; and WHEREAS, the allowed Debt Levies will be reduced by $371,141; and WHEREAS, the City Council further reviewed the proposed 2017 property tax levy and general operation budget at the August 23, 2016, City Council meeting; and WHEREAS, the preliminary 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 13, 2016, public hearing held at 7:00 p.m. in the Council Chambers. NOW, THEREFORE, BE IT RESOLVED that: 1) The proposed 2017 Property Tax Levy is: General Operating Levy $3,573,493 Capital Improvement Project Levy $ 233,200 Road Improvement Levy $1,827,208 Lease Revenue Bonds $ 361,207 Housing and Redevelopment Authority Levy $ 157,800 Tax Abatement Levy $ 244,877 Building Improvement Levy $ 73,000 $6,450,785 2) The proposed 2017 General Operating Budget totals $7,106,990 Adopted this 13th day of September, 2016. _________________________________ Jerome O. Faust, Mayor ATTEST: _________________________ Nicole Miller, City Clerk Reviewed for administration: _________________________________ Mark Casey, City Manager 33