21-073/09-21 Proposed Tax Levy Payable 2022
RESOLUTION NO. 21-73
ADOPTING THE PROPOSED 2022-2023 BUDGET AND
PROPOSED TAX LEVY PAYABLE IN 2022
WHEREAS, State Law requires the certification of a proposed budget and
proposed tax levies no later than September 30, 2021; and
WHEREAS, the City Council has met and discussed the proposed budget and tax
levy; and
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2016C (B2822), the amount of $390,981 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 2013A (B2891), will contribute the savings of a reduced
levy amount of $18,029 will not be levied in 2022 only, and
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2017B (B3114), the amount of $18,910 will not be levied
due to the utilization of the internal state aid monies.
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 $22,291,855
Bonded Debt Levy:
Brookview Center 1,218,300
Street Improvement Bonds 4,417,288
TOTAL Tax Levy $27,927,443
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 2022 for
the City of Golden Valley.
BE IT FURTHER RESOLVED, that the proposed 2022 budget of the General Fund
is $25,447,590 and the proposed 2023 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.
DocuSign Envelope ID: 47F5446F-AEBA-438B-8DF6-1AF4EAE6C01E
Adopted by the City Council of Golden Valley, Minnesota on the 21 st day of
September 2021.
_____________________________
Shepard M. Harris, Mayor
ATTEST:
_____________________________
Theresa Schyma, City Clerk
DocuSign Envelope ID: 47F5446F-AEBA-438B-8DF6-1AF4EAE6C01E