2025-052 Resolution Approving the Proposed 2026 Tax LevyCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2025-052
APPROVING THE PROPOSED 2026 TAX LEVY, SETTING DEBT SERVICE
LEVELS AT LEVELS UNDER THOSE REQUIRED IN THE BOND
DOCUMENTS, APPROVING THE PROPOSED 2026 BUDGET,
AND SETTING THE BUDGET MEETING DATE
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins
hereby approves the following sums be levied for 2026 upon the taxable property in the
City of Hopkins, for the following purposes:
General Lev
General $18,544,686
Special Levies
Debt Levies
2014A GO Street Reconstruction Bonds (3011A)
68,000
2014A GO Improvement Bonds (3011B)
50,000
2015B GO Tax Abatement (3013)
125,000
2015A GO Street Reconstruction Bonds (3014)
260,000
2016A GO Improvement Bonds (3017)
120,000
2016B GO Tax Abatement Bonds (3018)
22,000
2017A GO Street Reconstruction Bonds (3021)
960,000
2017B GO Tax Abatement Bonds (3022A)
9,700
2018A GO Street Reconstruction Bonds (3024A)
100,000
2018A GO Improvement Bonds (3024B)
300,000
2018A GO Equipment Certificates (3024C)
50,998
2019A GO Street Reconstruction Bonds (3025A)
92,000
2019A GO Improvement Bonds (3025B)
228,892
2019A GO Capital Improvement Bonds (3025D)
40,000
2020A GO Improvement Bonds (3027B)
143,000
2020A GO Street Reconstruction Bonds (3027D)
16,125
2020B GO Refunding Bonds (3029)
268,167
2021A GO Improvement Bonds (3030A)
199,620
2021A GO Street Reconstruction Bonds (3030C)
16,925
2022A GO Equipment Certificates (3031A)
125,213
2022A GO Improvement Bonds (3031B)
202,462
2023A GO Temporary Improvement Bonds (3032)
261,832
2024A GO Bonds
90,193
Subtotal Special Levies
Total Levy
$3,750,127
$22,294,813
That based upon staff analysis of special 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 2025 for the following issues be levied at amounts
less than provided by the bond covenants.
Bond Issue
2014A GO Street Reconstruction Bonds (3011A) 68,000
2015A GO Street Reconstruction Bonds (3014) 260,000
2016A GO Improvement Bonds (3017) 120,000
2017A GO Street Reconstruction Bonds (3021) 960,000
2017B GO Tax Abatement Bonds (3022A) 9,700
2018B GO Tax Abatement (3023) -
2018A GO Street Reconstruction Bonds (3024A) 100,000
2018A GO Equipment Certificates (3024C) 50,998
2019A GO Street Reconstruction Bonds (3025A) 92,000
2019A GO Improvement Bonds (3025B) 228,892
2019A GO Capital Improvement Bonds (3025D) 40,000
2020A GO Equipment Certificates (3027A) -
That the Proposed 2026 General Fund Budget be set at $21,660,376
That the budget meeting to discuss the 2026 budget and tax levy be set for December
1, 2025 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 16th day of September, 2025.
ATTEST:
mw-uo'v
Amy Domeier, City Clerk