HomeMy WebLinkAbout19-111 - ADMIN Resolution - City Council - 2019/09/16Resolution No. 19-111
Resolution approving 2020 preliminary property tax levy
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 on or
before September 30th of each year; and
Whereas, the city council has received the proposed budget information;
Be it further resolved that the truth in taxation public hearing will be held on December
2, 2019; 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 2020 upon the
taxable property in said City of St. Louis Park for the following purposes:
2020
Preliminary
TAX CAPACITY BASED TAX LEVY Levy
General Fund $28,608,728
Debt Service 3,799,093
Capital Replacement Fund 1,567,700
Park Improvement Fund 860,000
Employee Administration Fund 150,000
TOTAL TAX LEVIES $34,985,521
And
Be it further resolved that the chief financial officer is hereby authorized and directed
to transmit this information to the County Auditor of Hennepin County, Minnesota and the
Minnesota Department of Revenue, if applicable, in the format requested as required by law.
Reviewed for Administration Adopted by the City Council September 16, 2019
Tom Harmening, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 5C46EDC4-CEFF-4D93-B20D-468766219F54