2012-066 Approve 2013 Tax LevyCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
• RESOLUTION NO. 2012-066
RESOLUTION APPROVING THE PROPOSED 2013 TAX LEVY, SETTING
DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND
COVENANTS, APPROVINGTHE PROPOSED 2013 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 2013 upon the taxable property in the City of Hopkins, for
the following purposes.
General Le
General Fund $9,010,820
Special Levies
PERA Rate Increase 35,500
Debt Levies
2003 HRA Lease Revenue Bonds
220,000
2007A GO Capital Improvement Bonds
763,800
2007B GO Improvement Bonds
186,520
2010A GO Improvement Bonds
77,000
. 2012B GO Bonds
59,080
Subtotal Special Levies
1,341,900
Total Levy
$10,352,720
HRA/EDA Levy
Housing & Redevelopment Authority Levy
5 225,000
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 2013 for the
following issues be levied at amounts less than that provided by the bond covenants.
Net Debt
Bond Issue Service Lew
$9,920.000 G.O. Capital Improvement Bonds of 2007A $763,800
$5,505,000 G.O. Bonds of 2012B $ 59,080
That the Proposed 2013 General Fund Budget be set at $10,631,875.
is That the budget meeting to discuss the 2013 budget and tax levy be set for December 4,
2012 at 7:30 pm in the City Council Chambers.
Resolution No. 2012-066 -2-
• 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 4`h day of September 2012.
ATTEST:
Kristine A. Luedke, City Clerk
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By
Eugene J. well, Mayor