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HomeMy WebLinkAboutResolution No. 2016-084 Establishing 2017 Tax Levy & Budget w91�1r o e RESOLUTION NO. 2016-84 A RESOLUTION ADOPTING THE PROPOSED BUDGET FOR THE CITY OF EDINA FOR YEAR 2017, AND ESTABLISHING THE PROPOSED TAX LEVY PAYABLE IN 2017 THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS: Section I. 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 as follows: FOR GENERAL FUND $26,860,319 FOR CONSTRUCTION FUND $2,251,550 FOR ARTS AND CULTURE FUND $20,000 LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2016A (Fire) $ 403,000 LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2010A (City Hall) $946,000 LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2009A (PW) $1,046,700 LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2013A (PW) $447,900 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2009A (PW) $201,400 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2014 (Dome) $1,162,500 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2015A (Gym) $388,000 TOTAL TAX CAPACITY LEVY $33,727,369 Section 2. That the preliminary 2017 budget for the City of Edina is as follows: TOTAL REVENUES—GOVERNMENTAL FUNDS $67,670,816 TOTAL EXPENDITURES—GOVERNMENTAL FUNDS $70,662,905 TOTAL REVENUES— ENTERPRISE FUNDS $42,471,345 TOTAL EXPENDITURES— ENTERPRISE FUNDS $39,804,832 Approved this 20`h day of September 2016. Attest: Debra A. angen, City Clerk aures 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 September 20, 2016 and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of 20_ City Clerk CITY OF EDINA 4801 West 50th Street•Edina,Minnesota 55424 www.EdinaMN.gov.952-927-8861 • Fax 952-826-0390