HomeMy WebLinkAbout23-140 Resolution Adopting the 2024 Property Tax Levy (2)CITY OF LAKEVILLE
RESOLUTION NO. l 4 0
RESOLUTION ADOPTING THE 2024 PROPERTY TAX LEVY
BE IT RESOLVED by the City Council of the City of Lakeville as follows: Section I. There is hereby levied upon all taxable property in the City of Lakeville a direct ad valorem tax collectible in 2024 for the following purposes and in the following amounts: PURPOSE Debt Street Improvements Park Referendmn Bonds Tax Abatement -Arena Improvements Police Station Central Maintenance Facility Total Debt Levy GeneralF1D1d Pavement Management Flllld Park Improvement Fund Trail Improvement Flllld Total tax levy
TOTAL $ 7,623,017 1,781,376 501,614 554,263 1,076,880 11,537,150 29,509,650 1,800,000 350,000 400,000 $ 43,596,800
Section II. It is hereby determined that the City is making an irrevocable appropriation of funds, and sufficient monies are now on hand due to changes in funding sources such as interest on investments, special assessments and contributions from Liquor Fund, ISD#194 and other entities for the payment of principal and interest to come due during the 2024/2025 year for certain bond issues of the City of Lakeville. Section III. The Treasurer-Auditor of Dakota County is hereby authorized and directed, pursuant to the provisions of Section 475.6 1, Minnesota Statutes Annotated, to cancel the levies for said indebtedness heretofore made to be levied for collection in 2024 as shown in Schedule A. ADOPTED by the Lakeville City Council tl 2023. Ann ohofsky, City Clerk