RES 17-083 SETTING THE FINAL 2018 TAX LEVY AND ADOPTING THE 2018 BUDGET DOCUMENT FOR THE CITY OF ST. ANTHONY VILLAGE

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 17 -083 A RESOLUTION SETTING THE FINAL 2018 TAX LEVY AND ADOPTING THE 2018 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 2018 certified property tax levy and WHEREAS, the City Council discussed key financial issues and budgeting goals at the January 2017, goal setting session, held a public meeting on May 9, 2017 for input on the budget process, reviewed the 2018 Road Improvement and Debt Levy planning at the May 30, 2017 work session, public meetings were held August 22, 2017 and September 12, 2017 for public input on the 2018 budget and property tax levy, the 2018 -2034 Capital improvement Budgets were reviewed at the October 30, 2017 work session, WHEREAS, the allowed Debt Levies will be reduced by $526,880; and WHEREAS, The City Council held the required Truth in Taxation meeting on Tuesday, December 12, 2017, 7:00 P.M. in its Council Chambers, to discuss the 2018 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 2018 property tax levy has been collected NOW, THEREFORE, BE IT RESOLVED that: 1) The Final 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 Total $6,850,011 2) The budgets included in the 2018 Budget document will be adopted as the final fund budgets. Adopted this 12th day of December, 2017. ATTEST: ju�w Nicc4e Miller, City elerk Reviewed for administration: c> Jerome O. Faust, Mayor W� c 1� Mark Casey, City Manager