RES 16-089 SETTING THE FINAL 2017 TAX LEVY AND ADOPTING THE 2017 BUDGET DOCUMENT FOR THE CITY OF ST. ANTHONY VILLAGE

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 16 -089 A RESOLUTION SETTING THE FINAL 2017 TAX LEVY AND ADOPTING THE 2017 BUDGET DOCUMENT 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 final 2017 certified property tax levy and WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2016, goal setting session, held a public meeting on April 26, 2016 for input on the budget process, reviewed the 2017 Road Improvements and 2017 Debt Levy in a work session held June 29 2016, reviewed the 2017 preliminary levy and General Fund revenues and expenses in a work session held August 1, 2016, the 2017 -2033 Capital improvement Budgets were reviewed at the October 31, 2016 work session, public meetings were held August 23, 2016 and September 13, 2016 for public input on the 2017 budget. WHEREAS, the allowed Debt Levies will be reduced by $371,141; and WHEREAS, The City Council held the required Truth in Taxation meeting on Tuesday, December 13, 2016, 7:00 P.M. in its Council Chambers, to discuss the 2017 budget and property tax levy with the residents of St. Anthony Village; and WHEREAS, the information required for the City Council to determine a Final 2017 property tax levy has been collected NOW, THEREFORE, BE IT RESOLVED that: 1) The Final 2017 Property Tax Levy is: General Operating Levy $3,573,493 Housing and Redevelopment Authority Levy $ 157,800 Capital Improvement Project Levy $ 233,200 Road Improvement Levy $1,827,208 Lease Revenue Bonds $ 361,207 Tax Abatement Levy $ 224,877 Building Improvement Levy $ 73,000 $6,450,785 2) The fund budgets included in the 2017 Budget document be adopted as the final fund budgets