RES 23-047 SETTING THE PREIMINARY 2024 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST ANTHONY

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 23-047 A RESOLUTION SETTING THE PRELIMINARY 2024 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 final 2024 certified property tax levy and operating budget; and WHEREAS, the City Council meeting on June 27' reviewing and then approving the infrastructure improvement schedule and 2024 Debt Levy requirements; and at August 7' work session to review the initial 2024 Budget and Property Tax Levy estimates. WHEREAS, the City Council further reviewed the proposed 2024 property tax levy and general operation budget at the August 22, 2023, City Council meeting; and WHEREAS, the scheduled debt levy for Series 2012A (9405A) in the amount of 142,864.95 is cancelled and will be levied at a reduced amount of 122,968.00 and there are sufficient fimds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 186,993.16 is cancelled and will be levied at a reduced amount of 151,993.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2016A (9413) in the amount of 102,816.54 is cancelled and will be levied at a reduced amount of 77,816.44 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2017A (9415A) in the amount of 68,985.00 is cancelled and will be levied at a reduced amount of 0.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2017A (9415B) in the amount of 193,752.85 is cancelled and will be levied at a reduced amount of 168,752.20 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2017A (9415B) in the amount of 182,974.38 is cancelled and will be levied at a reduced amount of 172,974.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2017A (9415C) in the amount of 129,780.00 is cancelled and will be levied at a reduced amount of 69,780.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2018A (9416) in the amount of 178,467.75 is cancelled and will be levied at a reduced amount of 168,467.75 and there are sufficient fimds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2019A (9417C) in the amount of 125,694.00 is cancelled and will be levied at a reduced amount of 110,694.00 and there are sufficient funds on hand to cover the debt service payment; and