HomeMy Public PortalAbout2023-91 Reso Approving 2024 Debt Service Levy ReductionsResolution No. 2023-91
September 5, 2023
Member DesLauriers introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO. 2023-91
RESOLUTION REDUCING DEBT SERVICE TAX LEVIES FOR 2024
WHEREAS, Hennepin County maintains a bond register with the City’s scheduled bonded
debt levies for taxes payable in 2024, 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 2024:
Scheduled Proposed Reduction
Levy Levy To Levy
Debt Service:
2015A G.O. Improvement Bonds $ 60,304 $ 60,304 $ -
2020A G.O. Capital Improvement Plan Bonds $ 453,679 $ 362,943 $ 90,736
BE IT FURTHER RESOLVED, that the City Clerk Caitlyn Walker, is hereby instructed to
transmit a certified copy of this resolution to the county auditor of Hennepin County, Minnesota.
Date: September 5, 2023.
____________________________________
Kathleen Martin, Mayor
ATTEST:
___________________________________
Caitlyn Walker, City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Reid and upon vote being taken thereon, the following voted in favor thereof:
Albers, Cavanaugh, DesLauriers, Martin, Reid
Resolution No. 2023-91 2
September 5, 2023
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.