RES 19-064 SETTING THE PRELIMINARY 2020 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY VILLAGE

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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, WHEREAS, 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 the preliminary tax levy and budget is contingent upon any revisions allowed if the current law is modified; and 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 Capital Improvement Project Levy Road Improvement Levy Lease Revenue Bonds Housing and Redevelopment Authority Levy Tax Abatement Levy Building Improvement Levy 2) The preliminary 2020 General Operating Budget totals $7598,454 Adopted this 10t day of September, 2019. ATTEST: Nicol Miller, City erk Reviewed for administration: $4,571,013 $ 283,200 $1,823,254 $ 341,602 $ 185,064 $ 322,325 $ 83,000 $7,609,458 (erorne O. Faust, Mayor �l Mark Casey, City Manager