HomeMy WebLinkAbout93-136 - ADMIN Resolution - City Council - 1993/09/07RESOLUTION NO. 93-136
RESOLUTION APPROVING PROPOSED 1993 TAX LEVY, COLLECTIBLE IN 1994 AND
APPROVING PROPOSED 1994 BUDGET
WHEREAS, The City of St. Louis Park is annually required by Charter and State law
to approve a resolution setting forth an annual tax levy to the Hennepin County
Auditor: and
WHEREAS, Minnesota statutes currently in force requires certification of a
required proposed tax levy to the Hennepin County Auditor on or before September 15,
1993 and
WHEREAS, the City Council, at a informal meeting on the 30th day of August has
reviewed the 1994 operating budgets as set forth in Exhibit A of this resolution, and
WHEREAS, the details of the budgets are contained in a certain document, dated
August 12, 1993, submitted to this Council by the City Manager, as revised, and
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of St. Louis Park
that the revenue and expenditure budget for 1994 shall be as noted in Exhibit A of
this Resolution and as supported by the detailed document, dated August 12, 1993; and
BE IT FURTHER RESOLVED, that the City Council reserves the right, to amend the
1994 proposed budget prior to final adoption in December, 1993 whether or not the
purpose is specifically itemized in the budget documents; and
BE IT FURTHER RESOLVED, that the City Council establishes Monday, December 6,
1993 at 7:30 P.M. for a public hearing for the 1994 .Proposed Budget and Monday,
December 13, 1993 at 7:30 P.M. to reconvene the public hearing; and
BE IT FURTHER RESOLVED, by the City Council of the City of St. Louis Park,
Hennepin County, Minnesota, that the following sums of money be levied in 1993,
collectible in 1994 upon the taxable property in said City of St. Louis Park for the
following purposes:
General Fund $5,871,231
Park & Recreation Fund 1,435,420
Debt Service (G.O.Bonds) Fund 363,017
Municipal Building Fund 170,510
Park Improvement Fund 45,836
Total levy 7,886,014
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BE IT FURTHER RESOLVED, that provision has also been made for payment of the
City's share of Public Employees Retirement Association's contributions for the
ensuing years.
BE IT FURTHER RESOLVED, that there is a sufficient sum of monies in the Debt
Service Fund of the City, together with the above Debt Service Fund tax levy, to pay
principal and interest in 1994 on all outstanding bond issues, and the deferred
annual tax levies previously certified to the County Auditor are hereby canceled, and
replaced by above debt service tax levy.
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BE IT FURTHER RESOLVED, that the City Clerk is hereby authorized and directed to
transmit a certified copy of this resolution to the County Auditor of Hennepin
County, Minnesota, and to the Local Government Aids/Analysis Division, Department of
Revenue, State of Minnesota, as required by law.
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CityCek
Reviewed_ for administration:
anager
Adopted by the City C uncil September 7, 1993
(t)•/
or
Approved as to form and execution:
City ttorney