2011-069 Approve 2012 Tax Levy and General Fund BalanceCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2011-069
RESOLUTION APPROVING 2012 TAX LEVY
AND ADOPTING THE 2012 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 2012 upon the taxable property in the City of Hopkins, for the
following purposes.
General Lev
General Fund
$8,909,091
Special Levies
$
PERA Rate Increase
35,500
Debt Levies
TIF 2.1 R.L. Jolunson Property
2003 HRA Lease Revenue Bonds
220,000
2007A GO Capital Improvement Bonds
765,900
2007B GO Improvement Bonds
184,500
2010A GO Improvement Bonds
77,000
201013 Refunding Bonds
59,000
Subtotal Special Levies
1,341,900
Total Levy S10,250,991
HRA/EDA Levy
Housing & Redevelopment Authority Levy S 175,ON
This levy is made based on current law and the 2012 General Fund Budget of $10,470,526.
BE IT FURTHER RESOLVED, that the following amounts are budgeted for the Special Revenue Funds:
State Chemical Assessment
$ 45,000
Depot Coffee House
$
1201175
Economic Development
$ 268,553
TIF 2.1 R.L. Jolunson Property
$
-
Real Estate Purchase & Sales
$ -
TIF 2.6 Handicapped Housing Dev
$
1,950
E-911 Service Fee
$ 24,860
TIF 2.9 Pines
$
122,450
TIF 1.2 Entertainment District
$ 3,000
TIF 2.11 Super Valu
$
1,937,708
Housing Rehabilitation
$ 101,902
TIF 1.3 - 5th Avenue Flats
$
6,350
Parking Enforcement
$ 88,130
TIF 1.4 - Marketplace & Main
$
7,350
Communication (Cable TV)
$ 210,026
Art Center
$
779,452
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 at the levy adoption presentation of the Council held this 20"'
day of December, 2011
Eu ne Maxwell, Mayor
ATTEST:
4,1' 1+4—'kO"e -
Kristine A. Ludke, City Cleric