21-097/12-07 Adopt Property Tax Levies for Taxes Payable 2022DocuSign Envelope ID: 836981F0-E846-486C-AFB3-C672272FAD60
RESOLUTION NO.21-97
RESOLUTION ADOPTING THE PROPERTY TAX LEVIES
FOR TAXES PAYABLE 2022
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 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, and
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2010A (2807), the amount of $198,754.50 will not be
levied due to the full redemption of bonds in 2021, and
WHEREAS, the debt service levy as established in the bond documents for the
General Obligation Bonds, Series 2011A (2808), the amount of $199,488.76 will not be
levied due to the full redemption of bonds in 2021, 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 2022 as set out in the 2022-2023 adopted City budgets:
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, that said property tax levy be certified to the County
Auditor of Hennepin County.
Adopted by the City Council of Golden Valley, Minnesota this 7th day of December, 2021.
ATT.
EsSTdby:
T ""--A
Theresa chyma City Clerk
(-DocuSigned by:
Sltitp rj . R"Vis
Shep--a-ird arris, Mayor