HomeMy WebLinkAbout21-116CITY OF LAKEVILLE
RESOLUTION NO. 21-116
Resolution Approving the Preliminary 2022 Property Tax Levy and Preliminary
2022 Budget and Setting the Budget Public Hearing
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
Preliminary 2022 tax levy in the amount of $36,456,100 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 reductions in the original debt service levies are the result of excess funds in the debt
service account due to changes in funding sources such as interest on investments, special
assessments and contributions from Liquor Fund, ISD#194 and other entities.
BE IT FURTHER RESOLVED by the City Council of the City of Lakeville, Minnesota that
the Preliminary 2022 Budget is hereby approved and adopted as follows:
General Fund 1 $34,95:57,553
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 6, 2021 at 6:30 pm in the
Council Chambers.
ADOPTED by the Lakeville City Council this 7th day of September 2021.
CITY OF LAKEVILLE
By:�_—
Douglas P. Anderson, Mayor
ATTEST:
Charlene Friedges, City Cl
EXHIBIT A
PRELIMINARY 2022 PROPERTY TAX LEVY
Non -Debt Service Funds
Debt Service:
HR A Lease Rev Ref Bonds 2016A
Capital Improvement Ice Arena Facility
Capital Improvement Ref Bonds 2014
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. Improvement Bonds 2020
G. O. Refunding Bonds 2012B
Street Reconstruction Bonds 2014B
Street Reconstruction Bonds 2017A
Street Reconstruction Bonds 2018B
Street R econstruction Bonds 2021C
Subtotal Debt
Total
$ 299,700
231,975
457,938
450,358
305,995
434,050
350,000
774,877
448,235
454,843
536,878
1,959,720
197,309
188,438
328,128
705,656
Total
$ 28,332,000
$ 8,124,100
$ 36,456,100
WAMIN'.3
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 levies. The 2022 Debt Levy column represents the levy in the original bond documents.
The 2022 Certified Debt Levy column represents the actual levy. The reductions in the original debt
service levies are the result of excess funds in the debt service account due to changes in funding
sources such as interest on investments, special assessments and contributions from Liquor Fund,
,IS D#194 and other entities.
BOND DESCRIPTION
SERIES
2022 NET
ABATEMENT ABATEMENT
LEVY LEVY
2022
DEBT LEVY
2022
CERTIFIED
DEBT LEVY
IMPROVEMENT
2012A
'`§ .:s ti#.= x" ,.`
$
482,259
450,358
IMPROVEMENT
20128
',�fi� ., . " "`
-
$
2,152,185
1959 720
,
IMPROVEMENT
2013A
�; x
$
321,995
305,995
IMPROVEMENT
2014A
956,471
434,050
REFUNDING
20146`
;;^<<, ';`
$
1,230,246
655,247
IMPROVEMENT
WATER UTILITY REVENUE
2015A
2016AGENERAL
tt v
$
669,304
350,000
OBLIGATION
2016A`,,`
.,"'a y
$
299,700
299,700
GENERAL OBLIGATION
20166„,
,"�,. ",�' ".'�
$
813,620
774,877
GENERAL OBLIGATION
2017A
", .4„; ,� „ `
$
674,085
636,673
GENERAL OBLIGATION
20186
<<a
$
348,128
328,128
IMPROVEMENT
2019A
GENERAL OBLIGATION
2020A
926,869
536,878
ABATEMENT
2020A
$ 50,000 $ -
,, ., s » „... . '„ ” ,•°%
GENERAL OBLIGATION
2021A
v a F ,h , _ t
$
172,148
74,475
ABATEMENT
2021A
$ 315,000 $ 157,500
_ ..^..
ABATEMENT
20218
GENERAL OBLIGATION
2021C
r; .:�_� -_
$
710,330
705,656
$ 365,000 $ 157,500
$
10,842,156
$ 7,966,600
NET ABATEMENT LEVY $ 157,500
CERTIFIED DEBT LEVY $ 7,966,600
TOTAL LEVY $ 8,124,100