RES 15-073 Setting the Final 2016 Tax Levy and Adopting the 2016 Budget Document

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 15 -073 A RESOLUTION SETTING THE FINAL 2016 TAX LEVY AND ADOPTING THE 2016 BUDGET DOCUMENT 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 2016 certified property tax levy and WHEREAS, the City Council discussed key financial issues and budgeting goals at the January, 2015, goal setting session, held a public meeting on April 28, 2015 for input on the budget process, reviewed the 2016 Road Improvements and 2016 Debt Levy in a work session held June 29 2015, 2016 Utility Fund Budgets/Rates were reviewed at the November 2, 2015 work session and were the subject of a public hearing at the November 10, 2015 Council meeting, reviewed the 2016 -2032 Capital improvement Budgets were reviewed at the November 30`s work session, public meetings were held August 25, 2015 and September 8, 2015 for public input on the 2016 budget. WHEREAS, the allowed Debt Levies will be reduced by $301,921; and WHEREAS, The City Council held the required Truth in Taxation meeting on Tuesday, December 8, 2015, 7:00 P.M. in its Council Chambers, to discuss the 2016 budget and property tax levy with the residents of St. Anthony Village; and WHEREAS, the information required for the City Council to determine a Final 2016 property tax levy has been collected NOW, THEREFORE, BE IT RESOLVED that: 1) The Final 2016 Property Tax Levy is: General Operating Levy $3,385,370 Capital Improvement Project Levy $ 80,990 Road hnprovement Levy $1,828,848 Lease Revenue Bonds $ 387,322 Housing and Redevelopment Authority Levy $ 140,170 Tax Abatement Levy $ 155,112 Building Improvement Levy $ 73.000 $6,050,812 2) The fund budgets included in the 2016 Budget document be adopted as the final fund budgets