RES 20-064 SETTING THE PRELIMINARY 2021 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 20-064 A RESOLUTION SETTING THE PRELIMINARY 2021 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 2021 certified property tax levy and operating budget; and WHEREAS, the City Council held a work session reviewing the infrastructure improvement schedule and 2021 Debt Levy requirements on March 31' ; and an July 7th work session to review the initial 2021 Budget and Property Tax Levy estimates WHEREAS, the City Council further reviewed the proposed 2021 property tax levy and general operation budget at the August 25, 2020, City Council meeting; and WHEREAS, the allowed Debt Levies will be reduced by $614,910 based on sufficient funds; 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 8, 2020, public hearing held at 7:00 p.m. in the Council Chambers. NOW, THEREFORE, BE IT RESOLVED that: 1) The preliminary 2021 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 Infrastructure Levy $4,754,650 $ 283,200 $1,913,699 $ 344,897 $ 197,564 $ 228,585 $ 83,000 $ 60,000 $7,865,595 2) The preliminary 2021 General Operating Budget totals $7 ,184 Adopted this 8`h day of September, 2020. ATTEST: Nicole'Miller, City Clerk Reviewed for administration: Ran . y Sti ayor CI1 f ie Yunker, Interim City Manager