HomeMy WebLinkAboutCC RES 10-086 RESOLUTION SETTING THE CITY OF ST. ANTHONY'S 2011 GENERAL OPERATING BUDGET AND PROPERTY TAX LEVY Meeting Sheet
IIIIII VIII VIII VIII VIII VIII IIII IIII
103877
Box: 31
Folder: RES 2010
Document: CC RES 10-086 RESOLUTION SETTING THE CIN OF ST.
ANTHONY'S 2011 GENERAL OPERATING BUDGET AND PROPERTY TAX
LEVY
CITY OF ST ANTHONY
RESOLUTION No. 10-086
A RESOLUTION SETTING THE CITY OF ST.ANTHONY'S
2011 GENERAL OPERATING
BUDGET AND PROPERTY TAX LEVY.
WHEREAS, Minnesota State Law requires the City of St.Anthony provide Hennepin and Ramsey
Counties with a 2011 certified operating budget and property tax levy;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 operating budget and tax levy at
their March 1 st,2010,May 3rd,2010,August 2nd,2010 and October 4th,2010,work sessions;and
WHEREAS, the City Council further reviewed the 2011 operating budget, property tax levy and the levy limits
established by the Minnesota Department of Revenue at its 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 fund;and
WHEREAS, The City Council held the required budget meeting on December 14, 2010, 7:00 P.M. in its Council
Chambers,to discuss the 2011 operating budget and property tax levy with the residents of St.Anthony;
and
WHEREAS, the information required for the City Council to determine a definitive 2011 property tax levy has been
collected.
NOW,THEREFORE,BE IT RESOLVED that:
1) The collectible 2011 property tax levy is:
General Fund Property Tax Levy $2,945,511.00
Road Improvement Levy $1,299,683.04
Lease Revenue Bonds/Public Facilities $ 406,676.00
Housing&Redevelopment Authority Levy $ 110,500.00
Tax Abatement Levy-Central/Emerald Park Bonds $ 145,065.82
PERA Rate Increase Levy $ 7,500.00
Total 2011 Tax Levy $4,914,935.86
2) The 2011 General Fund 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 December,2010
ayor
r/
ATTEST: iw�46K'LI
City Clerk
Review for Administration:
City Manager