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Home My WebLink About15-111CITY OF LAKEVILLE RESOLUTION NO. 15-111 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 $25,940,248 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 1 $25,270,084 APPROVED this 21 st day of September 2015 CITY OF LAKEVILLE, MINNESOTA By: att Little, May4r ATT T: Charlene Friedges, City C rk J EXHIBIT A PRELIMINARY 2016 PROPERTY TAX LEVY Total Non -Debt Service Funds $ 20,485,174 Debt Service: Ice Arena Lease Revenue Bonds 2006 $ 314,506 Capital Improvement Bonds 2007D 659,740 G. O. Improvement Bonds 2009 258,415 G. O. Improvement Bonds 2011 132,292 G. O. Improvement Bonds 2012 491,053 G. O. Improvement Bonds 2013 309,190 G. O. Improvement Bonds 2014 483,525 G. O. Improvement Bonds 2015 408,038 Street Reconstruction Bonds 2007H 188,967 Street Reconstruction Bonds 2009A 316,525 G. O. Refunding Bonds 2012B 1,705,105 Street Reconstruction Bonds 2014B 187,718 Subtotal Debt $ 5,455,074 Total $ 25,940,248 EXHIBIT B PROPERTY TAX LEVY FOR DEBT The following is a schedule of all debt which, at the time of issuance, included certification of future property tax levy. The following schedule - column B - provides list of debt listing actual tax levies for taxes payable 2016. The difference betwee certification and actual is due to changes in funding sources such as interest c investments, Liquor Fund contributions, special assessments, General Fund (operatic levies) and other contributing factors. Bond Description debt Schedule Certified Levy 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 ** 1,140,156 57,908 35,044 431,983 290,000 152,292 742,534 490,823 982,406 674,311 239,416 226,217 428,481 85,990 1,961,190 653,773 $ 8,592,524 314,506 659,740 258,415 132,292 491,053 309,190 483,525 408,038 188,967 316,525 1,705,105 187,718 $ 5,455,074