HomeMy WebLinkAbout17-132CITY OF LAKEVILLE
RESOLUTION NO. 17-132
RESOLUTION APPROVING THE PRELIMINARY 2018 PROPERTY TAX LEVY AND
PRELIMINARY 2018 BUDGET
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
Preliminary 2018 tax levy in the amount of $28,254,268 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 2018 Budget is hereby approved and adopted as
follows:
General Fund 1 $27,801,896
BE IT FURTHER RESOLVED by the City Council of the City of Lakeville,
Minnesota that the Public Budget Hearing will be held on Monday, December 4, 2017
at 7:00 pm in the Council Chambers.
ADOPTED by the Lakeville City Council this 18th day of September 2017
CITY OF LAKEVILLE
�• • 'Imclerson,•
ATT T:
Charlene Friedges, City Cler
EXHIBIT A
PRELIMINARY 2018 PROPERTY TAX LEVY
Total
Non -Debt Service Funds $ 22,659,850
Debt Service:
HRA Lease Rev Ref Bonds 2016A $
292,500
Capital Improvement Ref Bonds 2014
560,918
G. 0. Improvement Bonds 2009
228,415
G. 0. Improvement Bonds 2011
130,135
G. 0. Improvement Bonds 2012
23,438
G. 0. Improvement Bonds 2013
127,258
G. 0. Improvement Bonds 2014
84,470
G. 0. Improvement Bonds 2015
360,048
G. 0. Improvement Bonds 2016
558,294
G. 0. Improvement Bonds 2017
676,559
G. 0. Improvement Bonds 2018
65,000
Street Reconstruction Bonds 2009A
341,880
G. 0. Refunding Bonds 20126
1,955,897
Street Reconstruction Bonds 2014B
189,606
Subtotal Debt
$ 51594,418
Total
$ 28,254,268
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 2018. 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
SERIES
2018
DEBT LEVY
2018
CERTIFIED
DEBT LEVY
STREET RECONSTRUCTION
2009A
$
425,161
$
341,880
REFUNDING
2009B
$
394,223
$
228,415
IMPROVEMENT
2011A
$
150,135
$
130,135
REFUNDING
2011B
$
83,627
$
-
IMPROVEMENT
2012A
$
507,441
$
23,438
IMPROVEMENT
2012B
$
2,086,035
$
1,955,897
IMPROVEMENT
2013A
$
327,258
$
127,258
IMPROVEMENT
2014A
$
974,426
$
84,470
REFUNDING
2014B
$
1,235,524
$
750,524
IMPROVEMENT
2015A
$
679,209
$
360,048
ICE ARENA LEASE REVENUE BOND
2016A
$
-
$
292,500
GENERAL OBLIGATION
2016B
$
638,708
$
558,294
GENERAL OBLIGATION
2017A
$
676,559
$
676,559
GENERAL OBLIGATION
2018
$
65,000
$
65,000
$
8,2431305
$
51594,418