12-065 - 09-04 - adopt proposed 2013 budget and proposed tax levies payable in 2013 Resolution 12-65 September 4, 2012
Member Pentel introduced the follawing resolution and moved its adoption:
RESOLUTIQN ADOPTING A PROPOSED 2013 BUDGET
AND PROPOSED TAX LEVIES PAYABLE IN 2013
WHEREAS, State Law requires the certification of a proposed budget and
proposed tax levies no later than September 15, 2012; 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 lacated within the City of Golden Valley the following amounts:
General Tax Levy $12,218,066
Bonded Debt Levy:
Certificates of Indebtedness 738,016
Street Improvement Bonds 3,688,150
Tax Abatement Levy 300,000
TOTAI. Tax Levy $16,944,232
BE IT FURTHER RESOLVED the City Clerk shall certify to the Hennepin County
Auditor a copy of this resolution approving the 2012 property tax levies for collection in
2013 for the City of Golden Valley.
BE IT FURTHER RESOLVED that the proposed 2013 budget of the General Fund
is $15,344,385 and the proposed 2014 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.
Shep d M. Harris, ayor
ATTEST:
�
Susan M. Virnig, City Clerk
Resolution 12-65 - Continued September 4, 2Q12
The mation for the adoption of the fvregoing resolution was seconded by Member Scanlon
and upon a vote being taken thereon, the following voted in favor thereof: Clausen,
Freiberg, Harris, Pentel and Scanlon; and the following voted against the same: none,
whereupan said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.