15-73 - 09-01 - Proposed 2016 Budget and Proposed Tax Levy Payable in 2016 Resolution 15-73 September 1, 2015
Member Snope introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING THE PROPOSED 2016 BUDGET AND
PROPOSED TAX LEVY PAYABLE IN 2016
WHEREAS, State Law requires the certification of a proposed budget and
proposed tax levies no later than September 30, 2015; 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 $14,487,955
Bonded Debt Levy:
Certificates of Indebtedness 827,400
Street Improvement Bonds 4,326,955
Tax Abatement Levy 300,000
TOTAL Tax Levy $19,942,310
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 2016 for
the City of Golden Valley.
BE IT FURTHER RESOLVED, that the proposed 2016 budget of the General Fund
is $17,785,195 and the proposed 2017 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.
he rd M. Harris or
p Y
ATTEST:
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, Fonnest,
Schmidgall and Clausen and the following voted against the same: Harris
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.