RES 24-059 SETTING THE PRELIMINARY 2025 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF SAV

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 24-059 A RESOLUTION SETTING THE PRELIMINARY 2025 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 2025 certified property tax levy and operating budget; and WHEREAS, the City Council held a work session on June 25"' reviewing the infrastructure improvement schedule and 2025 Debt Levy requirements; and met at July 9te and August 15a' work sessions to review the initial 2025 Budget and Property Tax Levy estimates. WHEREAS, the City Council further reviewed the proposed 2025 property tax levy and general operation budget at the August 27, 2024, City Council meetings; and WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 183,886.06 is cancelled and will be levied at a reduced amount of 163,885.91 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 106,568.46 is cancelled and will be levied at a reduced amount of 86,568.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2016B (9414) in the amount of 96,390.00 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 (9415A) in the amount of 72,345.00 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 (9415C) in the amount of 189,575.15 is cancelled and will be levied at a reduced amount of 174,575.00 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 178,737.45 is cancelled and will be levied at a reduced amount of 148,737.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2019A (9417C) in the amount of 126,544.00 is cancelled and will be levied at a reduced amount of 116,544.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2020A (9419A) in the amount of 232,855.85 is cancelled and will be levied at a reduced amount of 107,855.00 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2021 A (9420A) in the amount of 153,823.41 is cancelled and will be levied at a reduced amount of 53,823.00 and there are sufficient funds on hand to cover the debt service payment; and