2018-090 Approving 2019 Tax Levy and Adopting the 2019 General and Special Revenue Fund Budgets CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 2018-090
RESOLUTION APPROVING 2019 TAX LEVY
AND ADOPTING THE 2019 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 2019 upon the
taxable property in the City of Hopkins, for the following purposes.
General Lew
General $12,364,507
Special Levies
Debt Levies
2010A GO Improvement Bonds 90,000
2012A GO Capital Improvement Bonds 220,000
2012B GO Bonds 150,000
2012B Equipment Certificates 96,495
2013A GO Bonds 88,348
2014A GO Bonds 97,000
2014B GO Refunding Bonds 655,000
2015A GO Street Reconstruction Bonds 250,000
2015B GO Tax Abatement Bonds 115,000
2016A GO Improvement Bonds 100,000
2016B GO Tax Abatement Bonds 34,366
2016C Equipment Certificates 240,240
2017A GO Street Reconstruction Bonds 925,000
2017B GO Tax Abatement Bonds 163,908
2018A GO Bonds 310,072
2018A Equipment Certificates 78,000
Subtotal Special Levies 3,613,429
Total Levy X15,997,936
HRA/EDA Levy
Housing& Redevelopment Authority Levy S 350,154
This levy is made based on current law and the 2019 General Fund Budget of$14,410,478.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
State Chemical Assessment $60,000 TIF 2.6 Handicapped Housing Dev $7,500
Economic Development $390,519 TIF 2.11 Super Valu $1,750,053
TIF 1.2 Entertainment District $14,500 5th Avenue Flats $2,000
Parking $141,783 TIF 1.4—Marketplace & Main $176,000
Communication (Cable TV) $482,459 TIF 1.5 —Moline $92,000
Depot Coffee House $347,925 Arts Center $1,005,600
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 on this this 4`h day of December, 2018.
1� C',
Molly Cummfhgs, Mayor
ATTEST:
Amy Domeier, City Clerk