HomeMy WebLinkAboutResolution No. 2006-084 Setting Maximum Tax Levy a
o RESOLUTION NO. 2006-84
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RESOLUTION ADOPTING THE PROPOSED BUDGET FOR City of t'dlna
THE CITY OF EDINA
FOR THE YEAR 2007 AND
ESTABLISHING THE MAXIMUM TAX LEVY FOR THE YEAR 2007
PAYABLE IN 2007
THE CITY COUNCIL OF THE CITY OF EDINA MINNESOTA DOES RESOLVE AS
FOLLOWS:
Section 1: The Budget for the City of Edina for the calendar year 2007 is hereby proposed as follows:
TOTAL GENERAL FUND $ 27,241,066
DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS-SERIES 2002 $ 1,080,100
DEBT SERVICE OF EQUIPMENT CERTIFICATES $ 150,100
DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS-SERIES 2005A $ 417,400
TOTAL EXPENDITURES $ 28,888,666
Section 2. Estimated receipts other than the General Tax Levy are hereby proposed as follows:
• TOTAL ESTIMATED RECEIPTS $ 7,513,176
CHANGE IN FUND BALANCE $ 450,100
Section 3, That there is proposed to be levied upon all taxable real and personal property in the City
of Edina a tax rate sufficient to produce the amounts as follows:
GENERAL FUND $ 19,427,890
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS-SERIES 2002 $ 1,080,100
LEVY FOR PAYMENT OF EQUIPMENT CERTIFICATES $ 0
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS-SERIES 2005A $ 417,400
TOTAL LEVY $ 20,925,390
Section 4. That there is proposed to be levied upon all taxable real and personal property in the City
of Edina a tax rate sufficient to produce the amount below for the debt levy of the market value based
referendum levy and canceling the portion of the levy not required to produce the following amount:
GO PARK AND RECREATION BONDS SERIES 1996B/2005A $ 605,138
Passed and adopted by the City Council on September 5, 2091
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ATTEST:
City Clerk Mayor
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STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk FOR the City of Edina do
hereby certify that the attached and foregoing Resolution was duly adopted by the
Edina City Council at its Regular Meeting of September 5, 2006, as recorded in the
Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20 .
City Clerk
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