HomeMy WebLinkAboutResolution No. 2007-091 Setting Maximum 2008 Tax Levy RESOLUTION NO. 2007-91
w9iNA, j� A RESOLUTION ADOPTING THE PROPOSED
ow e 4, BUDGET FOR THE CITY OF EDINA FOR YEAR 2008,
r o AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2008
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THE CITY COUNCIL OF THE CITY OF EDINA,MINNESOTA,DOES RESOLVE AS FOLLOWS: City Of Edina
Section 1:The Budget for the City of Edina for calendar year 2008,is hereby proposed as follows:
TOTAL GENERAL FUND $28,654,642
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DEBT SERVICE OF THE HRA PUBLIC PROJECGT BONDS-SERIES 2002 $ 1,040,186
1 DEBT SERVICE OF THE HRA PUBLIC PROJECGT BONDS-SERIES 2005A $ 385,794
DEBT SERVICE OF CIP PLAN BONDS-SERIES 2007A $ 455,641
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TOTAL EXPENDITURES $30,536,263
Section 2:Estimated receipts other than General Tax Levy are hereby proposed as follows:
TOTAL ESTIMATED RECEIPTS $ 8,526,032
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 amount as follows:
FOR GENERAL FUND $20,314,404
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS-SERIES 2002 $ 1,040,186
1 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS-SERIES 2005A $ 200,000
LEVY FOR PAYMENT OF CIP PLAN BONDS-SERIES 2007A $ 455,641
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• TOTAL LEVY $22,010,231
Section 6. 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 cancelling the portion of the levy not required to produce the amount as follows:
GO PARK AND RECREATION BONDS SERIES 1996A/2005A $ 595,438
Approved this 4th day of September 2007.
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Attest:
Debra A.Mangen,City ClerYU 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
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 Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379