2017-086 Approving 2018 Tax Levy and Adopting the 2018 General Fund and Special Revenue Fund Budgets CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 2017-086
RESOLUTION APPROVING 2018 TAX LEVY
AND ADOPTING THE 2018 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 2018 upon the
taxable property in the City of Hopkins, for the following purposes.
General Levy
General $1.1,072,657
Special Levies
Debt Levies
2010A GO Improvement Bonds 80,000
2012A GO Capital Improvement Bonds 220,000
2012B GO Bonds 120,000
2012B Equipment Certificates 90,000
2013A GO Bonds 80,000
2014A GO Bonds 90,000
2014B GO Refunding Bonds 670,000
2015A GO Street Reconstruction Bonds 250,000
2015B GO Tax Abatement Bonds 115,000
2016A GO Improvement Bonds 90,000
2016B GO Tax Abatement Bonds 34,891
2016C Equipment Certificates 242,484
2017A GO Street Reconstruction Bonds 900,000
2017B GO Tax Abatement Bonds 166,848
Subtotal Special Levies 3,149,223
Total Levy , 12,945,032
HRA/EDA Levy
Housing&Redevelopment Authority Levy $ 331,337
This levy is made based on current law and the 2018 General Fund Budget of$13,435,355.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
Assessment 60 000 TIF 2.6 Handicapped Housing Chemicalsment ss $s Pp Dev $6,976
Economic Development $245,700 TIF 2.11 Super Valu $1,640,240
TIF 1.2 Entertainment District $13,242 5th Avenue Flats $2,000
Parking $113,529 TIF 1.4—Marketplace & Main $120,950
Communication (Cable TV) $285,566 Arts Center $992,908
Depot Coffee House $367,753
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 51h1 day of December, 2017.
dolly Cummings, Mayor
ATTEST:
,
Amy Domeier, City Clerk