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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 17-062 A RESOLUTION SETTING THE PROPOSED 2018 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 2018 certified property tax levy and operating budget; and WHEREAS, the City Council discussed Debt Levy planning at the May 30th work session and a public meeting was held on May 9th reviewing key financial issues and budgeting goals which invited public input on the budget process; and WHEREAS, the allowed Debt Levies will be reduced by $458,000; and WHEREAS, the City Council further reviewed the proposed 2018 property tax levy and general operation budget at the August 22, 2017, 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 12, 2017, public hearing held at 7:00 p.m. in the Council Chambers. NOW, THEREFORE, BE IT RESOLVED that: 1) The proposed 2018 Property Tax Levy is: General Operating Levy $3,975,534 Capital Improvement Project Levy $ 233,200 Road Improvement Levy $1,833,431 Lease Revenue Bonds $ 344,882 Housing and Redevelopment Authority Levy $ 162,534 Tax Abatement Levy $ 227,430 Building Improvement Levy $ 73,000 $6,850,011 2) The proposed 2018 General Operating Budget totals $6,844,116 Adopted this 12th day of September, 2017. _________________________________ Jerome O. Faust, Mayor ATTEST: _________________________ Nicole Miller, City Clerk Reviewed for administration: _________________________________ Mark Casey, City Manager 35