HomeMy WebLinkAbout19-107CITY OF LAKEVILLE
RESOLUTION NO. 19-107
RESOLUTION APPROVING THE PRELIMINARY 2020 PROPERTY TAX LEVY
AND PRELIMINARY 2020 BUDGET
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
Preliminary 2020 tax levy in the amount of $32,246,765 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 2020 Budget is hereby approved and adopted as follows:
General Fund 1 $30,548,927
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 2, 2019 at 7:00 pm in
the Council Chambers.
ADOPTED by the Lakeville City Council this 16th day of September 2019
CITY OF LAKEVILLE
By:
Douglas P. Anderson, Mayor
ATT T:
Charlene Friedges, City Clerk
EXHIBIT A
PRELIMINARY 2020 PROPERTY TAX LEVY
Non -Debt Service Funds
Debt Service:
HRA Lease Rev Ref Bonds 2016A
Capital Improvement Ref Bonds 2014
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
G. O. Improvement Bonds 2017
G. O. Improvement Bonds 2018
G. O. Improvement Bonds 2019
G. O. Refunding Bonds 2012B
Street Reconstruction Bonds 2014B
Street Reconstruction Bonds 2017A
Street Reconstruction Bonds 2018B
Subtotal Debt
Total
$ 294,050
556,456
131,431
464,773
312,905
434,900
354,406
712,923
448,502
615,385
456,497
2,032,294
191,600
202,125
352,118
Total
$ 24,686,400
$ 7,560,365
$ 32,246,765
W,of I -3m.13
PROPERTY TAX LEVY FOR DEBT
BOND DESCRIPTION
SERIES
2020
DEBT LEVY
2020
CERTIFIED
DEBT LEVY
STREET RECONSTRUCTION
2009A
$
418,569
$
-
IMPROVEMENT
2011A
$
151,431
$
131,431
REFUNDING
2011B
$
85,806
$
-
IMPROVEMENT
2012A
$
497,869
$
464,773
IMPROVEMENT
20126
$
2,159,535
$
2,032,294
IMPROVEMENT
2013A
$
328,905
$
312,905
IMPROVEMENT
2014A
$
963,506
$
434,900
REFUNDING
2014B
$
1,233,055
$
748,056
IMPROVEMENT
2015A
$
673,856
$
354,406
GENERAL OBLIGATION
2016B
$
813,669
$
712,923
GENERAL OBLIGATION
2017A
$
673,052
$
650,627
GENERAL OBLIGATION
2018A
$
633,751
$
615,385
GENERAL OBLIGATION
2018B
$
352,118
$
352,118
IMPROVEMENT
2019A
$
456,497
$
456,497
GENERAL OBLIGATION
2016A
$
-
$
294,050
$
9,441,619
$
7,560,365