2006-053CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION N0.2006-053
RESOLUTION APPROVING THE PROPOSED 2007 TAX LEVY,
APPROVING THE PROPOSED 2007 BUDGET, AND SETTING PUBLIC HEARING DATES
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA,
That the following sums be levied for 2007 upon the taxable property in said City of Hopkins,
for the following purposes.
General Fund $7,728,711
Housing & Redevelopment Authority 20,000
PERA Rate Increase 11,815
Capital Levy 50,000
General Obligation Bonds 175,000
Improvement Bonds 147,000
HRA Leased Revenue Bonds 885,000
Total Levy $9,017,526
That the Proposed 2007 General Fund Budget be set at $9,450,921.
Provision has also been made for the payment of principal an interest for the following bond issues:
1-1-97 Redevelopment Bonds 10-1-96 Redevelopment Bonds
12-1-89 Sewer Revenue Bonds 2-1-92 Taxable Refunding Bonds
Refunded 10-15-93 & 12-4-0 l 12-1-89 Redevelopment Bonds
8-1-92 Improvement Revolving Bonds Refunded 10-15-93
Refunded 12-4-01 3-1-90 Park Bonds Refunded 10-15-93 & 12-4-01
9-1-95 Housing Bonds 5-1-99 Taxable GO Housing Improvement Bonds
6-1-97 Housing Bonds 8-1-99 GO Storm Sewer Bonds
8-1-99 GO Housing Improvement Bonds 4-1-00 Water Revenue Bonds
8-1-99 GO Improvement Revolving Bonds 10-1-02 GO Improvement Revolving Bonds
10-1-02 Redevelopment Bonds 10-1-02 HRA Lease Revenue Bonds
6-1-03 HRA. Lease Revenue Bonds 6-1-03 GO Storm Sewer Revenue Bonds
Bold =Included in Levy
That the public hearing for the 2007 Budget and Tax Levy be set for December 4, 2006 with a continuation hearing
date of December 12, 2006 at 6:30 pm in the City Council Chambers.
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 St'' day of September 2006.
AT T: ~ ,~
Terry O rmaier, pity Clerk
By
Eu ne Maxwell, ayor