HomeMy Public PortalAbout2020-94 Resolution Approving 2021 Final Tax LevyMember DesLauriers introduced the following resolution and moved its adoption.
CITY OF MEDINA
RESOLUTION NO. 2020-94
RESOLUTION APPROVING 2021 FINAL TAX LEVY
Be it resolver, 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 2021. upon the taxable
property in the City of Medina, for the following purposes: To raise $3.731.800 as adequate
revenue for the general fund operating budget (of which $178,734 will be allocated to reserves),
$466,559 as adequate revenue for debt service, $312,500 for capital equipment and $112.000 for
municipal parks.
General Fund: $3,731,800
Debt Service:
2011B Taxable G.O. Improvement Bonds $ 61,000
2020A G.O. Refunding Bonds (2012A CIP) $ 212,151
2013A G.O. Refunding Bond $ 134,757
2015A G.O. Improvement Bond $ 58,651
Municipal Parks $ 112,000
Capital Equipment $ 312,500
Total Levy: $4,622,859
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 1, 2020.
Kathleen Martin, Mayor
Att t:
--) c46
Jod' M. Gallup, City Clerk
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
And the following voted against same: (Absent: Pederson)
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2020-94
December I, 2020