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HomeMy Public PortalAbout2017-098 Resolution Approving 2018 Final Tax LevyBob Mitchell. Mayor 61,414- Jodi M. Gallup, City Clerk 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: Member Martin introduced the following resolution and moved its adoption. CITY OF MEDINA RESOLUTION NO.2017-98 RESOLUTION APPROVING 2018 FINAL TAX LEVY Be it resolved, by the city council of the City of Medina, County of Hennepin, Minnesota, that the following sums of money be levied for the current year, collectible in 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: 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 Bond 2015A G.O. Improvement Bond Capital Equipment $3,229,026 $ 29,500 $ 14,000 $ 58,000 $ 243,915 $ 133,917 $ 61,959 $ 134,500 Total Levy: $3,904,817 The City Clerk, Jodi M. Gallup, is hereby instructed to transmit a certified copy of this resolution to the county auditor of Hennepin County, Minnesota. Dated: December 5, 2017. Attest: Anderson, Cousineau, Martin, Mitchell, Pederson And the following voted against same: None Whereupon said resolution was declared duly passed and adopted. Resolution No. 2017-98 December 5, 2017