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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 19-064 A RESOLUTION SETTING THE PRELIMINARY 2020 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 2020 certified property tax levy and operating budget; and WHEREAS, the City Council held a public meeting on March 26th reviewing key financial issues and budgeting goals which invited public input on the budget process; and June 3rd work session reviewing existing infrastructure improvement schedule and 2020 Debt Levy; and an August 5th work session to review revised infrastructure improvement schedule and Proposed 2020 Budget and Property Tax Levy WHEREAS, the allowed Debt Levies will be reduced by $477,313 based on sufficient funds; and WHEREAS, the City Council further reviewed the proposed 2020 property tax levy and general operation budget at the August 27, 2019, 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 final property tax levy and budget at the Tuesday, December 10, 2019, public hearing held at 7:00 p.m. in the Council Chambers. NOW, THEREFORE, BE IT RESOLVED that: 1) The preliminary 2020 Property Tax Levy is: General Operating Levy $4,571,013 Capital Improvement Project Levy $ 283,200 Road Improvement Levy $1,823,254 Lease Revenue Bonds $ 341,602 Housing and Redevelopment Authority Levy $ 185,064 Tax Abatement Levy $ 322,325 Building Improvement Levy $ 83,000 $7,609,458 2) The preliminary 2020 General Operating Budget totals $7,598,454 Adopted this 10th day of September, 2019. _________________________________ Jerome O. Faust, Mayor ATTEST: _________________________ Nicole Miller, City Clerk Reviewed for administration: _________________________________ Mark Casey, City Manager 33