HomeMy Public PortalAbout2009-054 Resolution Approving Proposed Tax Levy for 2010Member Johnson introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.2009-54
RESOLUTION APPROVING PROPOSED TAX LEVY FOR 2010
WHEREAS, the State of Minnesota has adopted Truth in Taxation 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 15, 2009; 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
WHEREAS, the City has conducted a review of the debt fund balances and determined that
sufficient funds are currently available to eliminate the bond levy (GO Improvement Bond, Series
2008A) scheduled to be levied as property taxes in 2009 and due to be collected in 2010; and
WHEREAS, it is the desire of the City of Medina to utilize the available funds to reduce
the property tax burden on its residents and businesses.
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 2010 upon the taxable
property in the City of Medina, for the following purposes: To raise $2,606,100.00 as adequate
revenue for the general fund operating budget and $150,058.13 as adequate revenue for debt
service.
General Fund: $2,606,100.00
Debt Service: $ 150,058.13
Total Levy: $2,756,158.00
BE IT FURTHER RESOLVED by the City Council of the City of Medina, Hennepin County,
Minnesota that the scheduled levy for the $2,280,000.00 Taxable General Obligation Improvement
Bonds, Series 2008A, in the amount of $91,757.00 for the improvement portion, is hereby canceled.
BE IT FURTHER RESOLVED, that the City Administrator, Chad M. Adams, is hereby
instructed to transmit a certified copy of this resolution to the county auditor of Hennepin County,
Minnesota.
Date: September 1, 2009
ATTEST:
Resolution No. 2009-54
September 1, 2009
I
T.M. Crosby, Jr., Mayor
Chad M. Adams, City Administrator -Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member Weir and
upon vote being taken thereon, the following voted in favor thereof:
Johnson, Weir, Crosby, Siitari, Smith
and the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2009-54 2
September 1, 2009