HomeMy Public PortalAbout2012-56 Resolution Reducing Debt Service Tax Levies for 2013Member Siitari introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.2012-56
RESOLUTION REDUCING DEBT SERVICE TAX LEVIES FOR 2013
WHEREAS, Hennepin County maintains a bond register with the City's scheduled bonded
debt levies for taxes payable in 2013, 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 and previously collected and future projected special assessments; 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 2013:
Scheduled Proposed Reduction
Levy Levy To Levy
Debt Service:
2010A G.O. Improvement Bonds $ 39,753 $ 29,000 $ 10,753
2011A G.O. Bonds $ 22,311 $ 11,500 $ 10,811
2011B Taxable G.O. Improvement Bonds $ 84,946 $ 55,000 $ 29,946
BE IT FURTHER RESOLVED, that the City Administrator, Scott T. Johnson, is hereby
instructed to transmit a certified copy of this resolution to the county auditor of Hennepin County,
Minnesota.
Date: September 4, 2012.
Scott T. Johnson, City Administrator -Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Martinson and upon vote being taken thereon, the following voted in favor thereof:
Crosby, Martinson, Pederson, Siitari, Weir
Resolution No. 2012-56
September 4, 2012
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2012-56 2
September 4, 2012