14-071 - 09-02 - Adopt Proposed 2015 Budget and Tax Levies Resolution 14-71 September 2, 2014
Member Snope introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING A PROPOSED 2015 BUDGET
AND PROPOSED TAX LEVIES PAYABLE IN 2015
WHEREAS, State Law requires the certification of a proposed budget and
proposed tax levies no later than September 30, 2014; 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 $13,440,310
Bonded Debt Levy:
Certificates of Indebtedness 795,861
Street Improvement Bonds 4,015,257
Tax Abatement Levy 300,000
TOTAL Tax Levy $18,551,428
BE IT FURTHER RESOLVED the City Clerk shall certify to the Hennepin County
Auditor a copy of this resolution approving the property tax levies for collection in 2015 for
the City of Golden Valley.
BE IT FURTHER RESOLVED that the proposed 2015 budget of the General Fund
is $16,902,135 and the proposed 2016 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.
A*."/ /1iJ
X"-
Shepard M. Harris, Mayor ayor
ATTEST:
C��,"�, &0,A
Kristine A. Luedke, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Clausen
and upon a vote being taken thereon, the following voted in favor thereof: Snope, Clausen
and Schmidgall and the following voted against the same: Harris and Fonnest, whereupon
said resolution was declared duly passed and adopted, signed by the Mayor and his
signature attested by the City Clerk.