HomeMy WebLinkAbout18-141 - ADMIN Resolution - City Council - 2018/09/17Resolution no. 18-141
Resolution approving 2019 preliminary property tax levy,
and setting public hearing date for the
2019 budget and final 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 28th 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
3, 2018; 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 2019 upon the
taxable property in said City of St. Louis Park for the following purposes:
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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.
2019
Preliminary
TAX CAPACITY BASED TAX LEVY
Levy
General Fund
$27,094,004
Debt Service
3,420,557
Capital Replacement Fund
1,767,700
Parlc Improvement Fund
810,000
Employee Administration Fund
200,000
Housing Rehabilitation Fund
100,000
TOTAL TAX LEVIES
$33,392,261
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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.
ution No. 18-141
ministration Adopted by the City Council September 17, 2018
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Attest: