2002-082
CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 02-082
RESOLUTION APPROVING PROPOSED 2002 TAX LEVY COLLECTIBLE IN 2003, ADOPTING THE
PRELIMINARY 2003 BUDGET, AND SETTING PUBLIC HEARlNG DATES
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 2003 upon the taxable property in said City of
Hopkins, for the following purposes.
General Fund $6,167,437
Housing and Redevelopment Authority 106,000
PERA rate increase 11,815
General Obligation Bonds 190,000
Improvement Bonds 154,000
Housing and Redevelopment Lease Revenue Bonds 550,000
Total Levy $ 7,179,252
This levy is made based on current law and the 2003 General Fund Budget of $8,552,227.
Provision has been made for the payment of the City's contributory share to the Public Employees Retirement
Association.
Provision has also been made for the payment of principal and interest on the following bond issues:
Redevelopment Bonds 1-1-97, Redevelopment Bonds 10-1-96,
Sewer Revenue Bonds 12-1-89, Refunded 10-15-93 & Refunded 12-4-01,
Refunding Bonds (Taxable) 2-1-92, Redevelopment Bonds 12-1-89 & Refunded 10-15-93
Improvement Revolving Bonds 8-1-92 & Refunded 12-4-01 *,
Park Bonds 3-1-90 & Refunded] 0-15-93 & Refunded l2-4-01 *, Housing Bonds 9-1-95,
Refunding Bonds 3-1-90 & Refunded 10-15-93, Taxable G.O. Housing Improv. Bonds 5-1-99,
Housing Bonds 6-1-97, G.O. Storm Sewer Revenue Bonds 8-1-99,
Taxable G.O. Housing Improvement Bonds 8-1-99, G.O. Water Revenue Bonds 4-1-00,
G.O. Improvement Revolving Bonds 8-1-99*, G.O. Improvement Revolving Bonds 10-1-02*,
Redevelopment Bonds 10-1-02 and HRA Lease Revenue Bonds 10-1-02 Levy*
Public hearing date for the 2003 budget is December 9, 2002, with a continuation hearing date of December 17,
2002, if necessary.
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 this 3rd day of September, 2002.
By ~~~
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