20-77 - 12-01 - ADOPTING THE PROPERTY TAX LEVIES FOR TAXES PAYABLE 2021 DocuSign Envelope ID:6A1 BD486-3EEC-45AB-A205-BD867BB39572
RESOLUTION NO. 20-77
RESOLUTION ADOPTING THE PROPERTY TAX LEVIES
FOR TAXES PAYABLE 20201
WHEREAS, the City Council has approved the preliminary proposed budget and
proposed levy for calendar year 2021 on September 15; and
WHEREAS, the proposed budgets require monies to be raised from property taxes
on taxable property within the City of Golden Valley.
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2016C (2822), the amount of $390,771 will not be levied
due to the utilization of the franchise fees collected from gas and electric utilities, and
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2017B (2825A), the amount of $23,082 will not be levied
due to the utilization of the internal state aid monies, and
NOW, THEREFORE BE IT RESOLVED, by the City Council, that the following sums
of money be raised by property tax on taxable property within the City of Golden Valley for
taxes payable in 2021 as set out in the 2021-2022 adopted City budgets:
2020 Property Tax Levy Payable in 2021
General Tax Levy $20,326,285
Bonded Debt Levy:
Certificates of Indebtedness 0
Brookview Center 1 ,218,300
Street Improvement Bonds 4,561 ,461
TOTAL Tax Levy $26,1 66,046
BE IT FURTHER RESOLVED, that said property tax levy be certified to the County
Auditor of Hennepin County.
Adopted by the City Council of Golden Valley, Minnesota this 15t day of December, 2020.
D—Sig—d by:
S�t, oxj /lit., Rams
Sliepar(74M%l. Harris, Mayor
ATTEST:
Do��s�g�ed bv:
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Theresa Schyma City Clerk