HomeMy WebLinkAboutRES 24-059 SETTING THE PRELIMINARY 2025 TAX LEVY AND GENERAL OPERATING BUDGET FOR THE CITY OF SAVCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 24-059
A RESOLUTION SETTING THE PRELIMINARY 2025
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 final 2025 certified property tax levy and operating budget; and
WHEREAS, the City Council held a work session on June 25"' reviewing the infrastructure improvement
schedule and 2025 Debt Levy requirements; and met at July 9te and August 15a' work
sessions to review the initial 2025 Budget and Property Tax Levy estimates.
WHEREAS, the City Council further reviewed the proposed 2025 property tax levy and general
operation budget at the August 27, 2024, City Council meetings; and
WHEREAS, the scheduled debt levy for Series 2015A (9411) in the amount of 183,886.06 is cancelled
and will be levied at a reduced amount of 163,885.91 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2016A (9413) in the amount of 106,568.46 is cancelled
and will be levied at a reduced amount of 86,568.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2016B (9414) in the amount of 96,390.00 is cancelled
and will be levied at a reduced amount of 0.00 and there are sufficient funds on hand to
cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2017A (9415A) in the amount of 72,345.00 is cancelled
and will be levied at a reduced amount of 0.00 and there are sufficient funds on hand to
cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2017A (9415C) in the amount of 189,575.15 is cancelled
and will be levied at a reduced amount of 174,575.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2018A (9416) in the amount of 178,737.45 is cancelled
and will be levied at a reduced amount of 148,737.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2019A (9417C) in the amount of 126,544.00 is cancelled
and will be levied at a reduced amount of 116,544.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2020A (9419A) in the amount of 232,855.85 is cancelled
and will be levied at a reduced amount of 107,855.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2021 A (9420A) in the amount of 153,823.41 is cancelled
and will be levied at a reduced amount of 53,823.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2021A (9420B) in the amount of 112,157.42 is cancelled
and will be levied at a reduced amount of 99,657.00 and there are sufficient funds on hand
to cover the debt service payment; and
WHEREAS, the scheduled debt levy for Series 2022A (9421) in the amount of 191,364.97 is cancelled
and will be levied at a reduced amount of 1,364.00 and there are sufficient funds on hand to
cover the debt service payment; 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 10, 2024, public hearing held at 7:00 p.m. in the Council Chambers.
NOW, THEREFORE, BE IT RESOLVED that:
1) The Preliminary 2024 Property Tax Levy is:
General Operating Levy $6,396,944
Capital Improvement Project Levy $ 428,200
Debt Service Levy $1,458,695
Housing and Redevelopment Authority Levy $ 209,414
Building Improvement Levy $ 115,500
Infrastructure Levy $ 1,103,486
Park Improvement Levy $ 30,000
$9,742,239
2) The preliminary 2025 General Fund Operating Budget totals $10,217,026
Adopted this 10d' day of September, 2024.
ASPY,.k4g0�2 -
Wendy W ster, Mayor
ATTEST:
J66ifer boyle, Cit Jerk
Reviewed for administration:
tP-Grlie Yunker, City Manager