HomeMy WebLinkAbout19-155CITY OF LAKEVILLE
RESOLUTION NO. 19-155
RESOLUTION ADOPTING THE 2020 PROPERTY TAX LEVY
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
following 2020 property tax levy is hereby approved and adopted.
Purpose
TOTAL
Debt
Street improvements
$ 5,451,151
Police Station
556,456
Central Maintenance Facility
1,038,708
Ice Arena
294,050
Total Debt Levy
7,340,365
General Fund
22,535,635
Pavement Management Fund
1,100,000
Equipment Fund
675,000
Park Improvement Fund
350,000
Trail Improvement Fund
30,000
Total tax levy
$ 32,031,000
ADOPTED by the Lakeville City Council this 2nd day of December 2019
'
r�nderson, Mayor
Charlene Friedges, City Cler
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 2020. 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
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
2012B
$
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
$
540,385
GENERAL OBLIGATION
2018B
$
352,118
$
352,118
IMPROVEMENT
2019A
$
456,497
$
206,497
GENERAL OBLIGATION
12016A
$
-
$
294,050
IMPROVEMENT
12020
$
-
$
105,000
9,441,619
7,340,365