HomeMy WebLinkAboutCC RES 11-054 RESOLUTION SETTING THE CITY OF ST. ANTHONY VILLAGE PROPOSED 2012 TAX LEVY AND GENERAL OPERATING BUDGET Meeting Sheet
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Box: 31
Folder: RES 2011
Document: CC RES 11-054 RESOLUTION SETTING THE CIN OF ST.
ANTHONY VILLAGE PROPOSED 2012 TAX LEVY AND GENERAL
OPERATING BUDGET
CITY OF ST ANTHONY
RESOLUTION No. 11-054
A RESOLUTION SETTING THE CITY OF ST. ANTHONY VILLAGE
PROPOSED 2012 TAX LEVY AND GENERAL OPERATING BUDGET.
WHEREAS, Minnesota State Law requires the City of St. Anthony Village provide Hennepin and Ramsey
Counties with a proposed 2012 certified property tax levy and operating budget;and
WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2011, goal
setting session, held a Public Hearing on April 26, 2011, reviewed the 2012 property tax levy,
budget and the capital equipment needs at their April 4, 2011, May 2nd, 2011, May 31 st, 2011
and August 1st,2011,work sessions; and
WHEREAS, the City Council further reviewed the proposed 2012 property tax levy and general operating
budget at the August 9, 2011,council meeting; 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 13, 2011,budget meeting held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed collectible 2012 Property Tax Levy is:
General Operating Fund Property Tax Levy $3,045,166.00
Road Improvement Levy $1,500,754.84
Lease Revenue Bonds $ 409,773.00
Housing&Redevelopment Authority Levy $ 110,500.00
Tax Abatement Levy $ 149,394.82
PERA Rate Increase Levy $ 7,500.00
Total Proposed 2012 Tax Levy $5,223,088.66
2) The proposed 2012 General Operating Budget totals $5,498,650.
Adopted this 13th day of September, 201
Mayor
ATTEST: &k&M26&U I
City Clerk
Reviewed for Administration:
Interim City Manager