HomeMy WebLinkAbout18-108CITY OF LAKEVILLE
RESOLUTION NO. 18-108
RESOLUTION APPROVING THE PRELIMINARY 2019 PROPERTY TAX LEVY
AND PRELIMINARY 2019 BUDGET
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
Preliminary 2019 tax levy in the amount of $30,241,820 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 2019 Budget is hereby approved and adopted as
follows:
General Fund 1 $28,7041693
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 3, 2018
at 7:00 pm in the Council Chambers.
ADOPTED by the Lakeville City Council this 17th day of September 2018
CITY OF LAKEVILLE
By:
Douglas P. Anderson, Mayor
ATTEST:
Charlene Friedges, City Cler
EXHIBIT A
PRELIMINARY 2019 PROPERTY TAX LEVY
Total
Non -Debt Service Funds $ 23,132,000
Debt Service:
HRA Lease Rev Ref Bonds 2016A $
292,100
Capital Improvement Ref Bonds 2014
556,718
G. 0. Improvement Bonds 2009
223,415
G. 0. Improvement Bonds 2011
128,357
G. 0. Improvement Bonds 2012
466,680
G. 0. Improvement Bonds 2013
308,134
G. 0. Improvement Bonds 2014
434,055
G. 0. Improvement Bonds 2015
354,556
G. 0. Improvement Bonds 2016
711,733
G. 0. Improvement Bonds 2017
324,511
G. 0. Improvement Bonds 2018
627,400
G. 0. Refunding Bonds 2012B
21001,804
Street Reconstruction Bonds 2014B
148,109
Street Reconstruction Bonds 2017A
183,700
Street Reconstruction Bonds 2018B
348,548
Subtotal Debt
$ 71109,820
Total
$ 30,241,820
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 2019. 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
2019
DEBT LEVY
2019
CERTIFIED
DEBT LEVY
STREET RECONSTRUCTION
2009A
$ 419,543
$ -
REFUNDING
2009B
$ 167,633
$ 223,415
IMPROVEMENT
2011A
$ 148,357
$ 128,357
REFUNDING
2011B
$ 82,249
$ -
IMPROVEMENT
2012A
$ 500,109
$ 466,680
IMPROVEMENT
2013A
$ 328,134
$ 308,134
IMPROVEMENT
2014A
$ 964,871
$ 434,055
IMPROVEMENT
2015A
$ 671,236
$ 354,556
WATER UTILITY REVENUE
2016A
$ -
$ -
GENERAL OBLIGATION
2016B
$ 812,420
$ 711,733
GENERAL OBLIGATION
2017A
$ 675,686
$ 508,211
GENERAL OBLIGATION
2018A
$ 627,401
$ 627,401
GENERAL OBLIGATION
20188
$ 348,548
$ 348,548
REFUNDING
12016A
$ -
$ 292,100
Is
9,0811999
$ 7,109,820