HomeMy WebLinkAboutCC RES 10-060A RESOLUTION SETTING THE CITY OF ST. ANTHONY VILLAGE PROPOSED 2011 TAX LEVY AND BUDGET Meeting Sheet
IIIIII VIII VIII VIII VIII VIII IIII IIII
103905
Box: 31
Folder: RES 2010
Document: CC RES 10-060A RESOLUTION SETTING THE CIN OF ST.
ANTHONY VILLAGE PROPOSED 2011 TAX LEVY AND BUDGET
CITY OF ST ANTHONY VILLAGE
RESOLUTION No. 10-060
A RESOLUTION SETTING THE CITY OF ST. ANTHONY VILLAGE
PROPOSED 2011 TAX LEVY AND BUDGET.
WHEREAS, Minnesota State Law requires the City of St. Anthony Village provide Hennepin and Ramsey
Counties with a proposed 2011 certified property tax levy and budget; and
WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2010, goal
setting session, held a Public Hearing on April 27, 2010, reviewed the 2011 property tax levy,
budget and the capital equipment needs at their March 1st, 2010, May 3rd, 2010 and August
2nd, 2010,work sessions; and
WHEREAS, the City Council further reviewed the 2011 property tax levy, operating budget and the levy
limits established by the Minnesota Department of Revenue at the August 24, 2010, council
meeting; and
WHEREAS, the Road Improvement Levy of $1,368,491.86 is reduced by the transfer of Chandler Tax
Increment totaling$68,808.82 into the road improvement bond fund; and
WHEREAS, the proposed tax levy and budget is contingent upon any revisions allowed if the current law is
modified; and
WHEREAS, the City Council will determine a definitive property tax levy and budget at the Tuesday,
December 14, 2010 budget meeting at 7:00 p.m. with public input.
NOW, THEREFORE,BE IT RESOLVED that:
1) The collectible 2011 proposed property tax levy is:
General Fund Property Tax Levy $2,945,511.00
Road Improvement Levy $1,299,683.04
Lease Revenue Bonds $ 406,676.00
Housing&Redevelopment Authority Levy $ 110,500.00
Tax Abatement Levy $ 145,065.82
PERA Rate Increase Levy $ 7,500.00
Total 2011 Proposed Tax Levy $4,914,935.86
2) The 2011 General Fund Proposed Budget totals$5,478,000.
3) The City Council approves the reduction of the 2011 Road Improvement Levy for the 2009A
G.O. Improvement Bonds by transferring $68,808.82 from the Chandler TIF Fund #321 into the
2009A Road Improvement Bond Fund#512.
Adopted this 14th day of Se tember 01
v
Mayor
ATTEST:
City Clerkj JR
Reviewed for Administration. 1-4
City Manager