HomeMy WebLinkAboutRES 21-058 APPROVING THE PROPOSED 2022 DEBT LEVY AND THE PHASE II DEBT LEVY PROGRAM FOR THE CITY OF ST. ANTHONY VILLAGECITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 21-058
A RESOLUTION APPROVING THE PROPOSED 2022 DEBT LEVY AND THE PHASE II
DEBT LEVY PROGRAM FOR THE CITY OF ST. ANTHONY VILLAGE
WHEREAS, the City Council has annually reviewed the debt levy requirements and long-range debt levy
program and
WHEREAS, the City Council discussed key financial issues, future infrastructure improvement, and debt
levy amounts and funding scenarios for said improvements, at the Council's work session
on March 9th work session and at the Council's regular meeting on July 13th, 2021
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed 2022 Debt Levy amount shall be set at $2,487,181
2) The Phase II Debt Levy program is approved and features a plan for street Improvements
Projects occurring two out of every three years and transitioning decreasing Debt Levy to
Infrastructure Levy, which will yield the benefits of a reduced debt burden and the increased
ability to fund improvement costs as incurred thus saving interest costs
Adopted this 13th day of July, 2021.
ATTEST:
11
y +96-v
Reviewed for administration:
rlie Yunker, City Manager