2003-078
CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 03-078
RESOLUTION APPROVING THE PROPOSED 2003 TAX LEVY COLLECTffiLE IN 2004, APPROVING
THE PROPOSED 2004 BUDGET, AND SETTING PUBLIC HEARING DATES
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 2004 upon the taxable property in said City of
Hopkins, for the following purposes.
General Fund $6,829,321
Housing and Redevelopment Authority 0
PERA rate increase 11,815
General Obligation Bonds 210,000
Improvement Bonds 150,000
Housing and Redevelopment Lease Revenue Bonds 678,000
Total Levy $ 7,879,136
This levy is made based on current law and the 2004 General Fund Budget of$8,461,100.
Provision has been made for the payment of the City's contributory share to the Public Employees Retirement
Association.
Provision has also been made for the payment of principal and interest on the following bond issues:
Redevelopment Bonds 1-1-97, Redevelopment Bonds 10-1-96,
Sewer Revenue Bonds 12-1-89, Refunded 10-15-93 & Refunded 12-4-01,
Refunding Bonds (Taxable) 2-1-92, Redevelopment Bonds 12-1-89 & Refunded 10-15-93,
Improvement Revolving Bonds 8-1-92 & Refunded 12-4-01 *,
Park Bonds 3-1-90 & Refunded 10-15-93 & Refunded 12-4-01 *, Housing Bonds 9-1-95,
Housing Bonds 6-1-97, G.O. Storm Sewer Revenue Bonds 8-1-99,
Taxable G.O. Housing Improvement Bonds 8-1-99, G.O. Water Revenue Bonds 4-1-00,
G.O. Improvement Revolving Bonds 8-1-99*, G.O. Improvcmcnt Revolving Bonds 10-1-02*,
Redevelopment Bonds 10-1-02, HRA Lease Revenue Bonds] 0-1-02*, HRA Lease Revenue Bonds 6-1-03 *,
Taxable G.O. Housing Improv. Bonds 5-1-99, G.O. Storn: Sewcr Revenue Bonds 6-1-03, Levy*
Public hearing date for the 2004 budget is December 8, 2003, with a continuatio~ hearing date of December 16,
2003, if necessary.
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 2nd day of September, 2003.
By ~:x:~
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