RES 14-085 Setting the 2015 Property Tax Levy

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CITY OF ST ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 14-085 A RESOLUTION SETTING THE 2015 GENERAL OPERATING BUDGET AND PROPERTYTAX LEVY WHEREAS, Minnesota State Law requires the City of St. Anthony Village provide Hennepin and Ramsey Counties with a 2015 certified operating budget and property tax levy; and WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2014, goal setting session, held a Public Hearing on April 22, 2014, reviewed the 2014 property tax levy, budget and capital equipment needs at their August 4, 2014, work session; and WHEREAS, the allowed Road Improvement Levy will be reduced by $147,500; and WHEREAS, the City Council further reviewed the 2015 operating budget, property tax levy at its August 26, 2014, council meeting; and WHEREAS, the City Council held the required preliminary budget meeting on September 9, 2014; and WHEREAS, The City Council held the required budget meeting on Tuesday, December 9, 2014, 7:00 P.M. in its Council Chambers, to discuss the 2015 operating budget and property tax levy with the residents of St. Anthony Village; and WHEREAS, the information required for the City Council to determine a definitive 2015 property tax levy has been collected. NOW, THEREFORE, BE IT RESOLVED that: 1) The 2014 General Operating Budget totals $6,705,729. 2) The collectible 2015 Property Tax Levy is: General Operating Levy $3,321,210 Capital Improvement Project Levy $ 50,000 Road Improvement Levy $1,791,725 Lease Revenue Bonds $ 382,872 Housing and Redevelopment Authority Levy $ 132,782 Tax Abatement Levy 153,148 Total Tax Levy $5,831,737