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Home My WebLink About10-061CITY OF LAKEVILLE RESOLUTION No. 10 -61 RESOLUTION APPROVING THE PRELIMINARY 2011 TAX LEVY BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota, that the following preliminary 2011 tax levy is hereby approved and adopted. Total General Fund 16,980,571 Public Works Reserve - Pavement Mgmt. 1,546,958 Equipment Fund 554,377 Debt Service Certificates of Indebtedness 325,863 Park Bonds 2003B 424,744 Capital Improvement Bonds 2004A 857,757 Ice Arena Lease Revenue Bonds 2006 275,070 Capital Improvement Bonds 2007D 908,488 Improvement Bonds 2009 377,376 Street Reconstruction Bonds 2003A 1,024,730 Street Reconstruction Bonds 2005A 181,428 Street Reconstruction Bonds 2007H 229,707 Street Reconstruction Bonds 2009A 354,583 Total 24,041,652 BE IT FURTHER RESOLVED that the City Council of the City of Lakeville does hereby adopt Schedule A — Debt Service attached hereto. APPROVED this 7''' day of September 2010. CI1 A TES "l�0[ Charlene Friedges, City erk Schedule A — Debt Service The following is a schedule of all debt which, at the time of issuance, included certification of future property tax levy. The following schedule - column B provides a list of debt listing actual tax levies for taxes payable 2011. T1 difference between certification and actual is due to changes in funding sourc( such as interest on investments, liquor fund contributions, speci assessments, General Fund (operating levies) and other contributing factors. Debt Bond Description Schedule Certified Levy (A) (B) Certificates of Indebtedness 2007E Park Bonds 2003B Capital Improvement Bonds 2004A Ice Arena Lease Revenue Bonds 2006 Capital Improvement Bonds 2007D Improvement Bonds 2000 A Improvement Bonds 2007B Improvement Bonds 2007F Improvement Bonds 2008A Improvement Refunding Bonds 2009B Street Reconstruction Bonds 2003A Street Reconstruction Bonds 2005A Street Reconstruction Bonds 2007H Street Reconstruction Bonds 2009A Public Safety Revenue Bonds 2007 492,581 325,863 444,340 424,744 215,000 857,757 275,070 1,153,806 908,488 367,358 397,714 1,352 612,353 888,471 377,376 1,119,491 1,024,730 240,416 181,428 228,396 229,707 435,262 354,583 149,310 Debt Service Total ** 6,745,850 $ 4,959,746