HomeMy WebLinkAbout18-156CITY OF LAKEVILLE
RESOLUTION NO. 18-156
RESOLUTION ADOPTING THE 2019 PROPERTY TAX LEVY
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
following 2019 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
Equipment Fund
Park Improvement Fund
Total tax levy
TOTAL
5,223,008
556,718
1,005,994
292,100
7,077,820
21,344,070
1,100,000
252,000
175,000
$ 29,948,890
ADOPTED by the Lakeville City Council this 3rd day of December 2018
Douglas . Anderson, Mayor
Charlene Friedges, CityC,te k
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 provides a list of debt
listing actual tax levies for taxes payable 2019. The difference between required and
certified 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
REQUIRED
PAYMENT PER
DEBT
SCHEDULE
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
2012B
$ 2,105,985
$ 2,001,804
IMPROVEMENT
2013A
$ 328,134
$ 308,134
IMPROVEMENT
2014A
$ 964,871
$ 434,055
REFUNDING
2014B
$ 1,229,827
$ 704,827
IMPROVEMENT
2015A
$ 671,236
$ 354,556
ICE ARENA LEASE REVENUE BOND
2016A
$ -
$ 292,100
GENERAL OBLIGATION
2016B
$ 812,420
$ 711,733
GENERAL OBLIGATION
2017A
$ 675,686
$ 508,211
GENERAL OBLIGATION
2018A
$ 627,401
$ 540,400
GENERAL OBLIGATION
2018B
$ 348,548
$ 348,548
GENERAL OBLIGATION
2019
$ -
$ 55,000
9,081,999
7,077,820