HomeMy Public PortalAbout2017-070 Resolution Approving Proposed Tax Levy for 2018Member Cousineau introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.2017-70
RESOLUTION APPROVING PROPOSED TAX LEVY FOR 2018
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, 2017; 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 2018 upon the
taxable property in the City of Medina, for the following purposes: To raise $3,229,026 as adequate
revenue for the general fund operating budget, $541,291 as adequate revenue for debt service, and
$134,500 for capital equipment.
General Fund $3,229,026
Capital Equipment $ 134,500
Debt Service:
2010A G.O. Improvement Bonds $ 29,500
2011A G.O. Bonds $ 14,000
2011B Taxable G.O. Improvement Bonds $ 58,000
2012A G.O. CIP Bonds $ 243,915
2013A G.O. Refunding Bonds $ 133,917
2015A G.O. Improvement Bonds $ 61,959
Total Levy:
$3,904,817
BE IT FURTHER RESOLVED, that the City Clerk, Jodi Gallup, is hereby instructed to transmit
a certified copy of this resolution to the county auditor of Hennepin County, Minnesota.
Date: September 19, 2017.
Bob Mitchell., Mayor
ATTEST:
07
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Jodi Gallp, City Clerk
Resolution No. 2017-70
September 19, 2017
The motion for the adoption of the foregoing resolution was duly seconded by member Anderson and
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. 2017-70 2
September 19, 2017