HomeMy Public PortalAbout2021-58 Resolution Reducing Debt Service Tax Levies For 2022Member DesLauriers introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO. 2021-58
RESOLUTION REDUCING DEBT SERVICE TAX LEVIES FOR 2022
WHEREAS, Hennepin County maintains a bond register with the City's scheduled bonded
debt levies for taxes payable in 2022, 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 2022:
Scheduled Proposed Reduction
Levy Levy To Levy
Debt Service:
2012A G.O. Capital Improvement Plan Bonds $ 304,211 $ - $ 304,211
2013A G.O. Refunding Bonds $ 165,598 $ 132,479 $ 33,119
2015A G.O. Improvement Bonds $ 59,403 $ 59,403 $ -
2016A G.O. Refunding Bonds $ 97,838 $ - $ 97,838
2020A G.O. Capital Improvement Plan Bonds $ 270,769 $ 216,615 $ 54,154
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 7, 2021.
ATTEST:
9allu1t;
M
Jodi p, City Clerk
Kathleen Martin, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member Martin and
upon vote being taken thereon, the following voted in favor thereof:
Resolution No. 2021-58
September 7, 2021
Albers, Cavanaugh, DesLauriers, Martin, Reid
and the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2021-58 2
September 7, 2021