HomeMy WebLinkAboutRES 20-064 SETTING THE PRELIMINARY 2021 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF ST. ANTHONY VILLAGECITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 20-064
A RESOLUTION SETTING THE PRELIMINARY 2021 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 proposed 2021 certified property tax levy and operating budget;
and
WHEREAS, the City Council held a work session reviewing the infrastructure improvement schedule
and 2021 Debt Levy requirements on March 31' ; and an July 7th work session to review
the initial 2021 Budget and Property Tax Levy estimates
WHEREAS, the City Council further reviewed the proposed 2021 property tax levy and general
operation budget at the August 25, 2020, City Council meeting; and
WHEREAS, the allowed Debt Levies will be reduced by $614,910 based on sufficient funds; 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 8, 2020, public hearing held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The preliminary 2021 Property Tax Levy is:
General Operating Levy
Capital Improvement Project Levy
Road Improvement Levy
Lease Revenue Bonds
Housing and Redevelopment Authority Levy
Tax Abatement Levy
Building Improvement Levy
Infrastructure Levy
$4,754,650
$ 283,200
$1,913,699
$ 344,897
$ 197,564
$ 228,585
$ 83,000
$ 60,000
$7,865,595
2) The preliminary 2021 General Operating Budget totals $7 ,184
Adopted this 8`h day of September, 2020.
ATTEST:
Nicole'Miller, City Clerk
Reviewed for administration:
Ran . y Sti ayor
CI1 f ie Yunker, Interim City Manager