2009-043CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 2009-043
RESOLUTION APPROVING THE PROPOSED 2010 TAX LEVY, SETTING
DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND
COVENANTS, APPROVINGTHE PROPOSED 2010 BUDGET, AND
SETTING BUDGET MEETING DATE
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA,
That the following sums be levied for 2010 upon the taxable property in the City of Hopkins, for
the following purposes.
General Levy
General Fund
Special Levies
PERA Rate Increase 35,500
MVHC Unallotment 239,175
Debt Levies
2001 GO Refunding Bonds — Park & Recreation 108,000
2002B GO Improvement Bonds 59,000
2003 HRA Lease Revenue Bonds 200,000
2007A GO Capital Improvement Bonds 715,000
2007B GO Improvement Bonds 185,000
Subtotal Special Levies
$8,384,010
1,541,675
Total Levy S9,925,685
HRA /EDA Levy
Housing & Redevelopment Authority Levy S 75,000
That based upon staff analysis of specials assessments currently levied for Permanent
Improvement Bonds, alternative revenue sources for the Capital Improvement Bonds and available
reserves within all debt service funds listed below that the debt service levies for 2010 for the following
issues be levied at amounts less than that provided by the bond covenants.
Net Debt
Bond Issue Service Levy
$ 820,000 G.O. Refunding Bonds of 2001 — Park & Rec of 1992 $108,000
$ 960,000 G.O. Permanent Improvement Revolving Bonds of 2002B $ 59,000
$9,920.000 G.O. Capital Improvement Bonds of 2007A $715,000
That the Proposed 2010 General Fund Budget be set at $10,194,000.
That budget meeting to discuss the 2010 budget and tax levy be set for December 1, 2009 and that the date the final
budget and levy will be adopted be set as December 15, 2009. Both meetings will be held at 7:30 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 1st day of September 2009.
By
ugen axwell, Mayor