Res 25-058 Setting The Preliminary 2026 Tax Levy And General

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 25-058 A RESOLUTION SETTING THE PRELIMINARY 2026 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 2026 certified property tax levy and operating budget; and WHEREAS, the City Council held a work session on June 24th reviewing the infrastructure improvement schedule and 2026 Debt Levy requirements; and met at July 22nd and August 12th work sessions to review the initial 2026 Budget and Property Tax Levy estimates. WHEREAS, the City Council further reviewed the proposed 2026 property tax levy and general operation budget at the August 26, 2025, City Council meetings; and WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 186,028.99 is cancelled and will be levied at a reduced amount of 171,028.99 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 104,965.36 is cancelled and will be levied at a reduced amount of 84,965.36 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 70,297.50 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 2020A (9419A) in the amount of 232,747.36 is cancelled and will be levied at a reduced amount of 212,747.36 and there are sufficient funds on hand to cover the debt service payment; and WHEREAS, the scheduled debt levy for Series 2022A (9421) in the amount of 193,061.30 is cancelled and will be levied at a reduced amount of 13,061.30 and there are sufficient funds on hand to cover the debt service payment; 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 09, 2025, public hearing held at 7:00 p.m. in the Council Chambers.