HomeMy WebLinkAboutRES 22-058 APPROVING THE PROPOSED 2023 DEBT LEVY AND THE PHASE II DEBT LEVY PROGRAM FOR THE CITY OF SAVCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 22-058
A RESOLUTION APPROVING THE PROPOSED 2023 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 future infrastructure improvements, and debt levy amounts and
funding scenarios for said improvements, at the Council's work session on March 22"a work
session.
NOW, THEREFORE, BE IT RESOLVED that:
1) The proposed 2023 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 to an Infrastructure Levy and
decreasing the Debt Levy, which will yield the benefits of a reduced debt burden and the
increased ability to fund improvement costs as incurred thus saving interest and financing
costs
Adopted this 126' day of July, 2022.
ATTEST:
C y Clerk
Reviewed for administration:
a �� -
Charlie Yunker, City Manager