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HomeMy Public PortalAbout2013-66 Resolution Approving Proposed Tax Levy for 2014Member Anderson introduced the following resolution and moved its adoption: CITY OF MEDINA RESOLUTION NO.2013-66 RESOLUTION APPROVING PROPOSED TAX LEVY FOR 2014 WHEREAS, the State of Minnesota has adopted legislation, which requires all municipalities to pass a resolution adopting a preliminary budget and certifying the total proposed tax levy amount to the County Auditor prior to September 15, 2013; and WHEREAS, it is the desire of the City of Medina, Minnesota, to comply with this law and submit a proposed property tax levy including general operating and debt levies; and NOW THEREFORE, BE IT RESOLVED, by the city council of the City of Medina, County of Hennepin, Minnesota, that the following sums of money be proposed for 2014 upon the taxable property in the City of Medina, for the following purposes: To raise $2,807,902 as adequate revenue for the general fund operating budget and $620,178 as adequate revenue for debt service. General Fund Debt Service: 2010A G.O. Improvement Bonds 2011A G.O. Bonds 2011A G.O. Equipment Certificates 2011B Taxable G.O. Improvement Bonds 2012A G.O. CIP Bonds 2007A G.O. Water Revenue Bonds, Recharacterized as CIP Bonds $2,807,902 $ 29,000 $ 11,500 $ 134,500 $ 55,000 $ 248,409 $ 141,769 Total Levy: $3,428,080 BE IT FURTHER RESOLVED, that the City Administrator, Scott T. Johnson, is hereby instructed to transmit a certified copy of this resolution to the county auditor of Hennepin County, Minnesota. Date: September 3, 2013. eth Weir., Mayor ATTEST: Scott T. Johnson, City Administrator -Clerk Resolution No. 2013-66 September 3, 2013 The motion for the adoption of the foregoing resolution was duly seconded by member Martinson and upon vote being taken thereon, the following voted in favor thereof: Anderson, Pederson, Martinson Martin, Weir and the following voted against same: None Whereupon said resolution was declared duly passed and adopted. Resolution No. 2013-66 September 3, 2013