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CITY OF LAKEVILLE
RESOLUTION No.
RESOLUTION APPROVING THE PRELIMINARY 2016 PROPERTY TAX LEVY AND
PRELIMINARY 2016 BUDGET
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
Preliminary 2016 tax levy in the amount of $26,088,619 is hereby approved as shown
on Exhibits A and B attached hereto.
BE IT FURTHER RESOLVED by the City Council of the City of Lakeville,
Minnesota that the Preliminary 2016 Budget is hereby approved and adopted as
follows:
General Fund $25,270,084
APPROVED AND ADOPTED this 21 st day of September 2015 by the City
Council of the City of Lakeville, Minnesota.
CITY OF LAKEVILLE, MINNESOTA
By:
Matt Little, Mayor
ATTEST:
Charlene Friedges, City Clerk
EXHIBIT A
PRELIMINARY 2016 PROPERTY TAX LEVY
Non -Debt Service Funds
Debt Service:
Ice Arena Lease Revenue Bonds 2006
Capital Improvement Bonds 2007D
G. O. Improvement Bonds 2009
G. O. Improvement Bonds 2011
G. O. Improvement Bonds 2012
G. O. Improvement Bonds 2013
G. O. Improvement Bonds 2014
G. O. Improvement Bonds 2015
Street Reconstruction Bonds 2007H
Street Reconstruction Bonds 2009A
G. O. Refunding Bonds 2012B
Street Reconstruction Bonds 2014B
Subtotal Debt
Total
$ 314,506
659,740
258,415
132,292
491,053
309,190
483,525
408,038
188,967
316,525
1,705,105
187,718
Total
$ 20,633,545
$ 5,455,074
$ 26,088,619
EXHIBIT B
PROPERTY TAX LEVY FOR DEBT
The following is a schedule of all debt which, at the time of issuance, included a
certification of future property tax levy. The following schedule - column B - provides a
list of debt listing actual tax levies for taxes payable 2016. The difference between
certification and actual is due to changes in funding sources such as interest on
investments, Liquor Fund contributions, special assessments, General Fund (operating
levies) and other contributing factors.
Bond Description Debt Schedule Certified Levy
(A) (B)
Ice Arena Lease Revenue Bonds 2006
Capital Improvement Bonds 2007D
Improvement Bonds 2007F
Improvement Bonds 2008A
Improvement Refunding Bonds 2009B
Improvement Bonds 2010A
Improvement Bonds 2011A
Improvement Bonds 2012A
Improvement Bonds 2013A
Improvement Bonds 2014A
Improvement Bonds 2015A
Street Reconstruction Bonds 2005A
Street Reconstruction Bonds 2007H
Street Reconstruction Bonds 2009A
Refunding Bonds 2011 B
Refunding Bonds 2012B
Refunding Bonds 2014B
Debt Service Total **
$ - $
314,506
1,140,156
659,740
57,908
35,044
-
431,983
258,415
290,000
152,292
132,292
742,534
491,053
490,823
309,190
982,406
483,525
674,311
408,038
239,416
-
226,217
188,967
428,481
316,525
85,990
-
1,961,190
1,705,105
653,773
187,718
$ 8,592,524 $
5,455,074