10-48 - 09-21 - adoption of 2011 budget and tax levies payable in 2011Resolution 10-48
September 7, 2010
Member Pentel introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING A PROPOSED 2011 BUDGET
AND PROPOSED TAX LEVIES PAYABLE IN 2011
WHEREAS, State Law requires the certification of a proposed budget and
proposed tax levies no later than September 15, 2010; and
WHEREAS, the City Council has met and discussed the proposed budget and tax
levy; and
NOW, THEREFORE BE IT RESOLVED that there is hereby levied upon all taxable
property located within the City of Golden Valley the following amounts:
General Tax Levy $12,203,835
Fire Relief Levy 66,000
Bonded Debt Levy:
Certificates of Indebtedness 791,415
Street Improvement Bonds 3,208,200
Tax Abatement Levy 300,000
TOTAL Tax Levy $16,569,450
BE IT FURTHER RESOLVED the City Clerk shall certify to the Hennepin County
Auditor a copy of this resolution approving the 2010 property tax levies for collection in
2011 for the City of Golden Valley.
BE IT FURTHER RESOLVED that the proposed 2011 budget of the General Fund
is $14,920,495 and the proposed 2012 budget is approved in concept only.
BE IT FURTHER RESOLVED that the City Council declares its intent to take all
necessary actions .legally permissible to the submission and approval of the City's budget
and property tax levies both proposed and final.
Linda R. Loomis, Mayor
ATTEST:
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Susan M. Virnig, City Clerk
Resolution 10-48 -Continued
September 7, 2010
The motion for the adoption of the foregoing resolution was seconded by Member Freiberg
and upon a vote being taken thereon, the following voted in favor thereof: Freiberg,
Loomis, Pentel, Scanlon and Shaffer; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and her signature attested by the City Clerk.