HomeMy Public PortalAbout2014-056 Resolution Approving Proposed Tax Levy for 2015Member Martin introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.2014-56
RESOLUTION APPROVING PROPOSED TAX LEVY FOR 2015
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 30, 2014; 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 2015 upon the
taxable property in the City of Medina, for the following purposes: To raise $2,892,139 as adequate
revenue for the general fund operating budget, $475,172 as adequate revenue for debt service, and
$134,500 for capital equipment.
General Fund $2,892,139
Capital Equipment $ 134,500
Debt Service:
2010A G.O. Improvement Bonds $ 29,000
2011A G.O. Bonds $ 12,500
2011B Taxable G.O. Improvement Bonds $ 55,000
2012A G.O. OP Bonds $ 246,267
2013A G.O. Refunding Bonds $ 132,405
Total Levy:
$3,501,811
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 2, 2014.
r
Er th Weir., Mayor
ATTEST:
Scott T. JohnsoCity Administrator -Clerk
Resolution No. 2014-56
September 2, 2014
The motion for the adoption of the foregoing resolution was duly seconded by member Pederson
and upon vote being taken thereon, the following voted in favor thereof:
Anderson, Martin, Martinson, Pederson, Weir
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2014-56 2
September 2, 2014