11-44 - 09-06 - adopt 2012 budget and tax levies payable in 2012 Resolution 11-44 September 6, 2011
Member Pentel introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING A PROPOSED 2012 BUDGET
AND PROPOSED TAX LEVIES PAYABLE IN 2012
WHEREAS, State Law requires the certification of a proposed budget and
proposed tax levies no later than September 15, 2011; 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 $11,952,336
Fire Relief Levy 45,000
Bonded Debt Levy:
Certificates of Indebtedness 752,737
Street Improvement Bonds 3,359,377
Tax Abatement Levy 300.000
TOTAL Tax Levy $16,408,450
BE IT FURTHER RESOLVED the City Clerk shall certify to the Hennepin County
Auditor a copy of this resolution approving the 2011 property tax levies for collection in
2012 for the City of Golden Valley.
BE IT FURTHER RESOLVED that the proposed 2012 budget of the General Fund
is $14,901,075 and the p�oposed 2013 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.
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Linda R. Loomis, Mayor
ATTEST:
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Susan M. Virnig, City Clerk
Resolution 11-44 - Continued September 6, 2011
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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.