HomeMy WebLinkAboutResolution 26-058 - Setting the Preliminary 2027 Tax Levy and General Operating Budget for the City of Saint Anthony Village and Certifying Debt Levy ReductionsCITY OF SAINT ANTHONY VILLAGE
RESOLUTION 26-058
A RESOLUTION SETTING THE PRELIMINARY 2027 TAX LEVY AND GENERAL
OPERATING BUDGET FOR THE CITY OF SAINT ANTHONY VILLAGE AND
CERTIFYING DEBT LEVY REDUCTIONS
WHEREAS, Minnesota State Law requires that the City of Saint Anthony Village provide
Hennepin and Ramsey Counties with a final 2027 certified property tax levy and
operating budget; and
WHEREAS, the City Council held work sessions on July 28th and on August 1 Oth to review the
initial 2027 Budget and Property Tax Levy estimates; and
WHEREAS, the City Council further reviewed the proposed 2027 property tax levy and
general operation budget at the August 25, 2026, City Council meetings; and
WHEREAS, for the specific obligations listed in the schedule below, the City of Saint Anthony
Village makes an irrevocable appropriation to the debt service fund of money
actually on hand or if there is on hand any excess amount in the debt service fund,
the recording officer may certify to the county auditor the fact and amount thereof
as detailed in the "Reduction Amount" column of the Debt Service Levy
Reduction Schedule below, so that the county auditor shall reduce by the amount
so certified the amount otherwise to be included in the rolls next thereafter
prepared;
DEBT SERVICE LEVY REDUCTION SCHEDULE
BOND DESCRIPTION
ORIGINAL
CERTIFIED
LEVY
REDUCTION
AMOUNT
REVISED
CERTIFIED
LEVY
9405A GO Special Assessment (Series 2012A)
$ 140,032.57
$ (40,000.00)
$ 100,032.57
9408 GO Special Assessment (Series 2014A)
152,819.73
(50,000.00)
102,819.73
9411 GO Special Assessment (Series 2015A)
182,331.27
(70,000.00)
112,331.27
9415C GO Special Assessment (Series 2017A)
191,562.23
(70,000.00)
121,562.23
9416 GO Special Assessment (Series 2018A)
180,484.35
(100,000.00)
80,484.35
9419A GO Special Assessment (Series 2020A)
237,731.38
(100,000.00)1
137,731.38
9420A GO Special Assessment (Series 2021A)
159,639.19
(75,000.81)
84,638.38
TOTAL REDUCTION AMOUNT
$ (505,000.81)
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 08, 2026, public hearing held at 7:00 p.m. in the Council
Chambers.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Saint
Anthony Village, Minnesota, approves
1) The Preliminary 2027 Property Tax Levy is:
General Operating Levy $7,703,060
Housing and Redevelopment Authority Levy $209,414
Capital Improvement Levy $338 200
Debt Service Levy $1,594 660
Infrastructure Improvement Levy $967 521
Building Improvement Levy $145 500
Park Improvement Levy $75 000
$11,033,355
2) The Preliminary 2027 General Fund Operating Budget totals $10,272,312
Approved this 8th day of September, 2026.
Wendy Webster, Mayor
ATTEST:
�A"&TO4�A-
Nicole DeDeyn, City itlerk
Review for Administration:
Charlie Yunker, City Manager