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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 22-058 <br />A RESOLUTION APPROVING THE PROPOSED 2023 DEBT LEVY AND THE PHASE II <br />DEBT LEVY PROGRAM FOR THE CITY OF ST. ANTHONY VILLAGE <br />WHEREAS, the City Council has annually reviewed the debt levy requirements and long-range debt levy <br />program and <br />WHEREAS, the City Council discussed future infrastructure improvements, and debt levy amounts and <br />funding scenarios for said improvements, at the Council's work session on March 22"a work <br />session. <br />NOW, THEREFORE, BE IT RESOLVED that: <br />1) The proposed 2023 Debt Levy amount shall be set at $ 2,487,181 <br />2) The Phase II Debt Levy program is approved and features a plan for Street Improvements <br />Projects occurring two out of every three years and transitioning to an Infrastructure Levy and <br />decreasing the Debt Levy, which will yield the benefits of a reduced debt burden and the <br />increased ability to fund improvement costs as incurred thus saving interest and financing <br />costs <br />Adopted this 126' day of July, 2022. <br />ATTEST: <br />C y Clerk <br />Reviewed for administration: <br />a �� - <br />Charlie Yunker, City Manager <br />