2003-110
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 03-110
RESOLUTION APPROVING 2003 TAX LEVY
COLLECTIBLE IN 2004 AND ADOPTING THE 2004 GENERAL FUND BUDGET
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA, that the
following sums of mOley be levied for the current year collectible in 2004 upon the taxable property in said
City of Hopkins, for the following purposes.
General Fund
PERA Rate Increase
General Obligation Bonds
Improvement Bonds
HRA Lease Revenue Bonds
Total Levy
Proposed
$ 6,654,321
$ 11,815
$ 210,000
$ 150,000
$ 678,000
$ 7,704,136
This levy is made based on current law and the 2004 General Fund Budget of$8,273,621.
Provision has been made for the payment ofthe City's contributory hare to the Public Employees
Retirement Association.
Provision has also been made for the payment of principal and interest on the following bond issues:
HRA Lease Revenue Bonds 6-1-03* G.O. Stann Sewer Revenue Bonds 6-1-03
HRA Public Facility Lease Revenue Bonds 12-12-2002* G.O. PIR fund bonds 12-12-2002*
G.O. Tax Increment Redevelopment Bonds 12-12-2002 PIR Bonds 8-1-92*& Refunded 12-04-2001 *
G.O. Sewer Revenue Bonds 12-1-89, Refunded 10-15-93 and Refunded 12-04-2001
Park Bonds 3-1-90, Refunded 10-15-93and Refunded 12-04-2001 *
G.O. Water Revenue Bonds 4-1-2000 G.O. Stann Sewer Revenue Bonds 8-1-1999
Taxable G.O. Housing Impr. Bonds 5-1-1999 G.O. Improvement Revolv. Bonds 8-1-1999*
Taxable G.O. Housing Impr. Bonds 8-1-1999 Housing Bonds 6-1-1997
Redevelopment Bonds 1-1-1997 Redevelopment Bonds C 10-1-1996
Redevelopment Bonds D 10-1-1996 Housing Bonds 9-1-1995
Redevel. Bonds 12-1-89 & Refunded 10-15-1993 Refunding Bonds (Taxable) 2-1-1992
*Levy
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 ofthe City of Hopkins at the levy adoption presentation of the Council held
this 16th day of December, 2003.
~~~
ATTEST: