HomeMy WebLinkAboutResolution No. 2020-120_City_Final_Levy___BudgetRESOLUTION NO. 2020-120
A RESOLUTION ADOPTING THE 2021
BUDGET FOR THE CITY OF EDINA, AND
ESTABLISHING THE TAX LEVY PAYABLE IN 2021
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section 1. The Budgets for all Governmental Funds as shown on Attachment A for the City of Edina for the
calendar year 2021 are hereby adopted and funds are hereby appropriated.
Section 2. The Budgets for all Enterprise Funds as shown on Attachment B for the City of Edina for the calendar
year 2021 are hereby adopted and funds are hereby appropriated.
Section 3. The Budgets for all Internal Service Funds as shown on Attachment C for the City of Edina for the
calendar year 2021 are hereby adopted and funds are hereby appropriated.
Section 4. That there will be levied upon all taxable real and personal property in the City of Edina, a tax rate
sufficient to produce the amount as follows:
FOR GENERAL FUND $33,986,471
FOR CONSTRUCTION FUND $4,130,000
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2016A (Fire) $402,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2017C (PW) $1,038,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2013A (PW) $451,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2009A (PW) $206,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2014 (Dome) $1,162,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2015A (Gym) $392,000
TOTAL TAX CAPACITY LEVY $41,787,871
Section 4. That the 2021 budget and tax levy incorporate revisions to the scheduled levy for the Series 2019A
General Obligation Bonds (Fire Equipment) due to sufficient funds available to pay the required debt service.
Approved this 1st day of December 2020.
Attest:
Sharon Allison, City Clerk James B. Hovland, Mayor
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 December 1, 2020
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ______ day of __________, 2020.
_______________________________
City Clerk