HomeMy Public PortalAbout2015-076 Resolution Reducing Dept Service Tax Levies for 2016Member Martin introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.2015-76
RESOLUTION REDUCING DEBT SERVICE TAX LEVIES FOR 2016
WHEREAS, Hennepin County maintains a bond register with the City's scheduled bonded
debt levies for taxes payable in 2016, and requests a City resolution canceling the debt levy if the
City does not levy the scheduled amounts; and
WHEREAS, the City has determined that specific debt levies may be partially reduced due
to the accumulation and projection of other revenue sources, including previously collected tax
levies, previously collected and future projected special assessments, and utility fund contributions;
and
NOW THEREFORE, BE IT RESOLVED, by the city council of the City of Medina,
County of Hennepin, Minnesota, that the following reductions of debt service levies be made for
taxes payable in 2016:
Debt Service:
2010A G.O. Improvement Bonds
2011A G.O. Bonds
2011B Taxable G.O. Improvement Bonds
2012A G.O. Capital Improvement Plan Bonds
2013A G.O. Refunding Bonds
Scheduled Proposed Reduction
Lew Lew To Lew
$ 42,465
$
29,500
$
12,965
$ 17,309
$
13,000
$
4,309
$ 84,416
$
56,000
$
28,416
$ 310,406
$
248,325
$
62,081
$ 162,671
$
130,137
$
32,534
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 1, 2015.
Bob Mitchell, Mayor
ATTEST:
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Scott T. Johnso , City Administrator -Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member Anderson
Resolution No. 2015-76
September 1, 2015
upon vote being taken thereon, the following voted in favor thereof:
Anderson, Cousineau, Martin, Mitchell, Pederson
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2015-76 2
September 1, 2015