2007-081CITY OF HOPKINS
HENNEPTN COUNTY, MINNESOTA
RESOLUTION 2007-081
RESOLUTION APPROVING 2008 TAX LEVY
AND ADOPTING THE 2008 GENERAL AND
SPECIAL REVEUNE FUND BUDGETS
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 2008 upon the taxable property in the City of Hopkins, for.the
following purposes.
General Fund $ 7,825,565
PERA Rate Increase $ 11, 81 S
Capital Levy $ 75,000
1999D GO PIR Bonds $ 26,000
2001 GO Rfdg Park & Rec Bonds $ 150,000
2002E GO Improvement Bonds $ S9,000
200? GO Improvement Bonds $ 175,000
2003 HRA Lease Revenue Bonds $ 230,000
2007 Capital Improvement Bonds $ 642,000
Total Levy $ 9,194, 3 80
HRA Levy $ 30,000
This levy is made based on current law and the 2008 General Fund Budget of $9,572,167.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
203 State Chemical Assessment $ 45,000
204 Economic Development $ 262,168
20S Real Estate Purchase & Sales $ -
211 TIF 1.2 Entertainment District $ 76,200
212 Paratransit (Hop-a-ride) $ 128,604
213 Housing Rehabilitation $ 78,358
214 Parking Enforcement $ 105,008
21 S Section 8 $ -
217 Cable TV $ 16$,825
219 Depot Coffee House $ 114,222
221 TIF 2.1 R.L. Johnson Property $ 402,132
226 TIF 2.6 Handicapped Housing Dev $ 1,345
229 TIF 2.9 Pines $ 139,287
230 TIF 2.10 Hopkins Business District $ 85,950
231 TIF 2.11 Super Valu $ 2,265,744
232 TIF 1.3 -Block 64/GPS Development $ 2,011,900
233 TIF 1.4 - Marketplace II $ 1,900
2S0 'Art Center $ 660,670
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.
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Adopted by the City Council of the City of Hopkins at the levy adoption presentation of the Council held this 18th
day of December, 2007.
,~
ene Maxwell, Mayor
ATTEST:
erry Ober ier, City Clerk
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