2015-095 Approving 2016 Tax Levy CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO.2015-095
RESOLUTION APPROVING 2016 TAX LEVY
AND ADOPTING THE 2016 GENERAL AND
SPECIAL REVEUNE FUND BUDGETS
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA,
That the following sums of money be levied for the current year collectible in 2016 upon the
taxable property in the City of Hopkins, for the following purposes.
General Levy
General Fund $10,041,951
Special Levies
Debt Levies
2010A GO Improvement Bonds 79,437
2012A GO Capital Improvement Bonds 220,000
2012B GO Bonds 141,970
2012B Equipment Certificates 96,285
2014A GO Bonds 87,993
2014B GO Refunding Bonds 881,975
2015A GO Street Reconstruction Bonds 264,261
2015B GO Tax Abatement Bonds 135,957
Subtotal Special Levies 1,907,878
Total Levy $11,949,829
HRAIEDA Levy
Housing&Redevelopment Authority Levy $ 296,813
This levy is made based on current law and the 2016 General Fund Budget of$11,875,730.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
State Chemical Assessment $ 60,000 TIF 2.6 Handicapped Housing Dev $ 7,568
Economic Development $ 176,600 TIF 2.9 Pines $ 3,200
TIF 1.2 Entertainment District $ 13,236 TIF 2.11 Super Valu $ 1,605,258
Parking $ 109,600 TIF 1.3 - 5th Avenue Flats $ 2,000
Communication(Cable TV) $ 226,273 TIF 1.4- Marketplace & Main $ 120,950
Depot Coffee House $ 338,142 Art Center $ 903,667
BE IT FURTHER RESOLVED, that the City Clerk is hereby ordered and directed to transmit a certified
copy of this resolution to the County Auditor of Hennepin County, Minnesota.
Adopted by the City Council of the City of Hopkins on this this 1st day e f December, 2015.
huge - Maxwell, Mayor
ATTEST:
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Amy Domeier, City Clerk