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HomeMy WebLinkAboutResolution No. 2005-074 Adopting Budget for Edina for 2006 and Est Tax Levy for 2006RESOLUTION NO. 2005-74 RESOLUTION ADOPTING THE BUDGET FOR THE CITY OF EDINA FOR THE YEAR 2006 AND ESTABLISHING TAX LEVY FOR THE YEAR 2006 PAYABLE IN 2006 City of Edina THE CITY COUNCIL OF THE CITY OF EDINA MINNESOTA DOES RESOLVE AS FOLLOWS: TOTAL GENERAL FUND $ 25,380,248 DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS — SERIES 2002 $ 1,081,536 DEBT SERVICE OF EQUIPMENT CERTIFICATES $ 159,100 DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS — SERIES 2005A $ 420,205 TOTAL EXPENDITURES $ 27,041,089 Section 2. Estimated receipts other than the General Tax Levy are hereby proposed as follows: TOTAL ESTIMATED RECEIPTS $ 6,820,097 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 $ 18,560,151 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2002 $ 1,081,536 LEVY FOR PAYMENT OF EQUIPMENT CERTIFICATES $ 159,100 LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2005A $ 420,205 TOTAL LEVY $ 20,220,992 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 199613/2005A A c t \ $ 599,138 Passed and adopted by the City Council on September 6, 20 1� A2 ATTEST: City Clerk Mayor City Hall 4801 WEST 50TH STREET EDINA, MINNESOTA, 55424-1394 1 www.cityofedina.com 952-927-8861 FAX 952-826-0390 TTY 952-826-0379 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 6, 2005, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of , 20. City Clerk K