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HomeMy WebLinkAbout16-176CITY OF LAKEVILLE RESOLUTION NO. 16-176 RESOLUTION ADOPTING THE 2017 PROPERTY TAX LEVY BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the following 2017 property tax levy is hereby approved and adopted. Purpose Debt Street improvements Police Station Central Maintenance Facility Ice Arena Total Debt Levy General Fund Pavement Management Fund Street Reconstruction Fund Equipment Fund Building Fund Park Improvement Fund Trail Improvement Fund Total tax levy TOTAL 4,014,566 563,806 937,942 293,550 5,809,864 18,842,000 1,191,550 50,000 350,000 150,000 175,000 111,200 $ 26,679,614 ADOPTED by the Lakeville City Council this 511 day of December, 2016 CITY OF LAKEVILLE, MINNESOTA By: Matt Little, Mayor ATTEST: Charlene Friedges, City C101 Schedule A — Debt Service 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 (operating levies) and other contributing factors. Bond Description Debt Schedule Certified Levy A) I I (B) Ice Arena Lease Revenue Bonds 2006 HRA Lease Revenue Bonds 2016A 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 Improvement Bonds 2016B Street Reconstruction Bonds 2007H Street Reconstruction Bonds 2009A Refunding Bonds 2011 B Refunding Bonds 2012B Refunding Bonds 2014B Debt Service Total 663,938 293,561 1,134,118 55,204 (246) 400,155 295,000 151,513 725,629 488,512 978,521 677,285 543,484 231,257 429,951 85,005 2,035,635 1,239,646 $ 10,428,168 $ 293,550 228,415 131,513 466,812 310,276 431,425 362,061 367,604 214,007 341,156 1,908,398 754,647 5,809,864