2013-052 2014 Proposed Tax Levy and BudgetCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2013-052
RESOLUTION APPROVING THE PROPOSED 2014 TAX LEVY, SETTING
DEBT SERVICES LEVIES AT LEVELS UNDER THOSE REQUIRED IN THE BOND
COVENANTS, APPROVINGTHE PROPOSED 2014 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 2014 upon the taxable property in the City of Hopkins, for the
following purposes.
General Le
General Fund
$8,994,774
Special Levies
Debt Levies
2007A GO Capital Improvement Bonds
766,110
2007B GO Improvement Bonds
188,093
2010A GO Improvement Bonds
79,175
2012A GO Capital Improvement Bonds
220,000
2012B GO Bonds
55,090
2012B Equipment Certificates
97,965
2013A GO Improvement Bonds
15,028
Subtotal Special Levies
1,421,461
Total Levy 510,416,235
HRA/EDA Lew
Housing & Redevelopment Authority Levy $ 273,980
That based upon staff analysis of specials assessments currently levied for Permanent
Improvement Bonds, alternative revenue sources for the Capital Improvement Bonds and
Equipment Certificates, and available reserves within all debt service funds listed below, that the
debt service levies for 2014 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 (132212) $766,110
$5,505,000 G.O. Bonds — Equipment Certificates of 2012B (B2833) $ 97,965
$5,505,000 G.O. Bonds of 2012B (132833) $ 55,090
$3,650,000 G.O. Improvement Bonds of 2013A (132883) $ 15,028
That the Proposed 2014 General Fund Budget be set at $10,946,129.
Resolution No. 2013-052 -2-
That the budget meeting to discuss the 2014 budget and tax levy be set for December 3, 2013
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 3 day of September, 2013.
By
Eugen J. t4axwell, Mayor
ATTEST:
f 1
Kristine A. Luedke, City Clerk