HomeMy Public PortalAbout2019-79 Resolution Approving 2020 Final Tax LevyMember Anderson introduced the following resolution and moved its adoption.
CITY OF MEDINA
RESOLUTION NO.2019-79
RESOLUTION APPROVING 2020 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 2020, upon the taxable
property in the City of Medina, for the following purposes: To raise $3,434,452 as adequate
revenue for the general fund operating budget, $533,819 as adequate revenue for debt service, and
$312,500 for capital equipment and $112,000 for municipal parks.
General Fund: $3,434,452
Debt Service:
2010A G.O. Improvement Bonds $ 29,500
2011B Taxable G.O. Improvement Bonds $ 60,000
2012A G.O. Capital Improvement Plan Bonds $ 243,705
2013A G.O. Refunding Bond $ 137,361
2015A G.O. Improvement Bond $ 63,253
Municipal Parks $ 112,000
Capital Equipment $ 312,500
Total Levy: $4,392,771
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 3, 2019.
Attes .
Jodi . Gallup, City Cler
Kathleen Martin, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member Albers
and upon vote being taken thereon, the following voted in favor thereof:
Albers, Anderson, DesLauriers, Martin, Pederson
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2019-79
December 3, 2019