CC PACKET 12102019 - Laserfiche WebLink

Home Browse Search

CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 19-090 A RESOLUTION SETTING THE FINAL 2020 TAX LEVY AND ADOPTING THE 2020 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 2020 certified property tax levy and WHEREAS, the City Council discussed key financial issues and budgeting goals at the January 2019, goal setting session, held a public meeting on March 26th for 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, public meetings were held August 27th and September 10th for public input on the 2020 budget and property tax levy, the 2020-2036 Capital improvement Budgets were reviewed at the October 15th work session, WHEREAS, the allowed Debt Levies will be reduced by $477,313 based on sufficient funds; and WHEREAS, The City Council held the required Truth in Taxation meeting on Tuesday, December 10, 2019, 7:00 P.M. in its Council Chambers, to discuss the 2020 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 2020 property tax levy has been collected NOW, THEREFORE, BE IT RESOLVED that: 1) The Final 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 Total $7,609,458 2) The 2020 General Fund operating budget of $7,605,973 (based on 2020 General Fund expenditures) will be adopted as the final operating budget. 35