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Home My WebLink About16-127CITY OF LAKEVILLE RESOLUTION No. 16-127 RESOLUTION APPROVING THE PRELIMINARY 2017 PROPERTY TAX LEVY AND PRELIMINARY 2017 BUDGET BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the Preliminary 2017 tax levy in the amount of $26,950,947 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 2017 Budget is hereby approved and adopted as follows: General Fund 1 $26,577,295 APPROVED AND ADOPTED this 19th day of September, 2016 by the City Council of the City of Lakeville. CITY OF LAKEVILLE By: Mat4Lite, Mayor AT EST: Charlene Friedges, City Cl EXHIBIT A PRELIMINARY 2017 PROPERTY TAX LEVY Non -Debt Service Funds Debt Service: HRA Lease Rev Ref Bonds 2016A Capital Improvement Ref Bonds 2014 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 G. O. Improvement Bonds 2016 Street Reconstruction Bonds 2007H Street Reconstruction Bonds 2009A G. O. Refunding Bonds 2012B Street Reconstruction Bonds 2014B Subtotal Debt Total $ 293,550 563,806 228,415 131,513 469,695 310,276 481,425 412,061 517,604 214,007 341,156 1,908,398 190,841 Total $ 20,888,200 $ 6,062,747 $ 26,950,947 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 2017. 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 (o eratin levies) and other contributing factors. Debt Bond Description S chedule Certified Levy (A) I 1 1115) Ice Arena Lease Revenue Bonds 2006 $ 663,938 $ - HRA Lease Revenue Refunding Bonds 2016A 293,550 293,550 Capital Improvement Bonds 2007D 1,134,118 - Improvement Bonds 2007F 55,204 - Improvement Bonds 2008A (246) - Improvement Refunding Bonds 2009B 400,155 228,415 Improvement Bonds 2010A 295,000 - Improvement Bonds 2011A 151,513 131,513 Improvement Bonds 2012A 725,629 469,695 Improvement Bonds 2013A 488,512 310,276 Improvement Bonds 2014A 978,521 481,425 Improvement Bonds 2015A 677,285 412,061 Improvement Bonds 2016B 543,484 517,604 Street Reconstruction Bonds 2007H 231,257 214,007 Street Reconstruction Bonds 2009A 429,951 341,156 Refunding Bonds 2011 B 85,005 - Refunding Bonds 20128 2,035,635 1,908,398 Refunding Bonds 2014B 1,239,646 754,647 Debt Service Total ** $ 10,428,157 $ 6,062,747