22-110 (12-06) Adopt Property Tax Levies for Taxes Payable 2023DocuSign Envelope iu: ubA4bbtb-tuAy-4S.zu-ow-,H 4 iisra4-1Do—
RESOLUTION NO.22-110
RESOLUTION ADOPTING THE PROPERTY TAX LEVIES
FOR TAXES PAYABLE 2023
WHEREAS, the City Council has approved the preliminary proposed budget and
proposed levy for calendar year 2023 on September 20; and
WHEREAS, the proposed budgets require monies to be raised from property taxes
on taxable property within the City of Golden Valley.
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2016C (2822), the amount of $391,085.63, will not be
levied due to the utilization of the franchise fees collected from gas and electric utilities,
and
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2017B (133114), the amount of $20,093.37 will not be
levied due to the utilization of the internal state aid monies.
NOW, THEREFORE BE IT RESOLVED, by the City Council, that the following sums
of money be raised by property tax on taxable property within the City of Golden Valley for
taxes payable in 2023 as set out in the 2023-2024 adopted City budgets:
General Tax Levy $25,008,020
Bonded Debt Levy:
Brookview Center 1,218,300
Street Improvement Bonds 4,860,728
TOTAL Tax Levy $31,087,048
BE IT FURTHER RESOLVED, that said property tax levy be certified to the County
Auditor of Hennepin County.
Adopted by the City Council of the City of Golden Valley, Minnesota on December 6, 2022.
DocuSigned by:
S�krar� RAMS
Shepard M. Harris, Mayor
ATTEST:
DocuSigned by:
T, . S
Theresa J. Schyma, City Clerk