HomeMy WebLinkAbout10-090 - ADMIN Resolution - City Council - 2010/09/07RESOLUTION NO. 10-090
RESOLUTION APPROVING 2011 PRELIMINARY GENERAL FUND AND PARK AND
• RECREATION BUDGETS, 2011 PRELIMINARY PROPERTY TAX LEVY, AND
SETTING PUBLIC HEARING DATE FOR THE 2011 PROPOSED BUDGET AND
PROPERTY TAX LEVY
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WHEREAS, The City of St. Louis Park is 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 require approval of a preliminary property tax levy and a
preliminary budget on or before September 15th of each year; and
WHEREAS, the City Council has received the proposed budget document,
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis
Park, that the Preliminary 2011 Budget shall be as follows:
General and Park and Recreation Fund Revenues:
Property Taxes
Market Value Homestead Credit Loss
Other General Revenues
Other Park & Recreation Revenues
Total General and Park & Recreation Fund Revenues
2011
Preliminary
$20,094,172
(667,539)
8,163,711
2,131,902
$29,722,246
Expenditures:
Total General Government $ 6,641,622
Total Public Safety 12,542,148
Total Public Works 4,226,014
Total Non -Departmental 180,000
Total Park & Recreation $6,132,462
Total General and Park and Recreation Fund Expenditures $29,722,246
BE IT FURTHER RESOLVED that the Truth in Taxation Public Hearing will be held on
December 6, 2010, and
BE IT FURTHER RESOLVED that the City Council of the City of St Louis Park,
Hennepin County, Minnesota, that the following sums of money be levied for collection in 2011
upon the taxable property in said City of St. Louis Park for the following purposes:
2011
TAX CAPACITY BASED TAX LEVY Levy
General Fund and Park & Recreation Fund $20,094,172
Park Improvement Fund 810,000
Capital Replacement Fund 1,246,134
Pavement Management Fund 415,000
Debt Service 997,000
TOTAL TAX LEVIES $23,562,306
Resolution No. 10-090 -2-
And
BE IT FURTHER RESOLVED that the City Clerk is hereby authoriLed and directed to
t ansmit this information to the County Auditor of Hennepin County, Minnesota and to the
innesot Department of Revenue in the format they request as required by law.
Reviewe
A. inistration
Attest:
Adopted by the City Council September 7, 2010
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