2019-096 Resolution Approving 2020 Tax Levy and Adopting the 2020 General and Special Revenue Fund Budgets CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 2019-096
RESOLUTION APPROVING 2020 TAX LEVY
AND ADOPTING THE 2020 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 2020 upon the
taxable property in the City of Hopkins, for the following purposes.
General Levv
General Operations $13,279,530
Special Levies
Debt Levies
2010A GO Improvement Bonds 95,000
2012A GO Capital Improvement Bonds 225,000
2012B GO Bonds 160,000
2012B Equipment Certificates 94,710
2013A GO Bonds 91,078
2014A GO Bonds 97,000
2014B GO Refunding Bonds 670,000
2015A GO Street Reconstruction Bonds 250,000
2015B GO Tax Abatement Bonds 115,000
2016A GO hnprovement Bonds 100,000
2016B GO Tax Abatement Bonds 33,841
2016C Equipment Certificates 241,395
2017A GO Street Reconstruction Bonds 973,398
2017B GO Tax Abatement Bonds 160,330
2018A GO Bonds 456,417
2018A Equipment Certificates 81,112
2019A GO Bonds 405,873
Subtotal Special Levies 4,250,154
Total Levy �12�� ,�4
HRA/EDA Levv
Housing& Redevelopment Authority Levy �--��
This levy is made based on current ]aw and the 2020 General Fund Budget of$15,361,716.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
State Chemical Assessment $65,000 TIF 2.9 Oaks of Main
Economic Development $430,345 TIF 2.1 1 Super Valu $5,000
TIF 1.2 Entertainment District $1,750,000
$15,000 S�n Avenue Flats $2,000
Parking $150,690 TIF 1.4— Marketplace & Main
Communication Cable TV $180,000
� ) $238,656 TIF 1.5 — Moline $94,500
Depot Coffee House $307,412 Arts Center
TIF 2.6 Handicapped Housing Dev $7,500 $>>>25,g36
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 17�" day of December, 2019.
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ATTEST:
� Jason Gadd, Mayor
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Amy Domeier, City Clerk