Loading...
HomeMy WebLinkAbout2020-117RESOTUTTON 2020-tt7 ADOPTING A BUDGET FOR THE YEAR 2021, SETTING THE CITY LEVY, APPROVING THE HRA LEVY, AND APPROVING A TAX RATE INCREASE. Now, therefore, in accordance with all ordinances and regulations of the City of Columbia Heights, the City Council of the City of Columbia Heights makes the following: ORDER OF COUNCIT Section A. The budget for the City of Columbia Heights for the year 2O21is hereby approved and adopted with appropriations for each of the funds listed below. The estimated gross revenues to fund the budget for the year 2021, including general ad valorum tax levies and use of fund balances, are also as listed below. Revenue Expense Governmental Funds General Fund Planning & lnspections Econ Dev Authority Admin Cable Television Library After School Programs 21st Century Arts Special Project Fund Downtown Parking Capital Project Funds Debt Service Funds Proprietary Funds Water Fund Sewer Fund Refuse Fund Storm Sewer Fund Liquor Fund Municipal Service Center lnformation Systems Use of Fund Balance Total lncluding lnterfund Transfers Copitol Assets 14,193,950 M6,37O 255,500 152,000 1,081,750 22,OOO 45,400 56,200 2,224,000 7,526,200 3,806,025 2,389,950 2,186,770 ilo,845 9,358,200 918,200 419,000 501,831 14,371,339 M8,75O 254,625 202,750 1,081,750 43,700 45,500 56,200 2,864,273 7,576,700 3,220,728 2,558,029 2,149,770 738,403 9,167,000 1,043,674 452,800 Debt Principol Poid (Advonced) 80,(n0 53,4(n 56,600 260,000 775,000 260,000 30,000 N,224,L31 N,224,131 7,065,000 SectionB. Thefollowingsumsof moneyareleviedforthecurrentyear,collectablein202luponthetaxablepropertyinsaidCity of Columbia Heights, for the following purposes: 450,000 Estimated General Fund Levy Estimated Library Levy Estimated EDA Fund Levy Total 11,631,000 1,032,935 255,500 72,919,436 Section C. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax LeW for the fiscal year 2O2t in the amount of 5250,000. BE lT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes payable in the year 2021 that is higher than the tax rate calculated for the City for taxes levied in 2019 collectable in 2020. BE lT FURTHER RESOLVED: That the City has adequate fund balances and reseryes to pay bond principal and interest payments on General Obligation Bond Series 2015A in the amount of 5245,000 and that the County Auditor is authorized to cancel 5245,000 ofthe related Bond Levy for taxes payable in2027, leaving a balance of$239,299 to be levied for taxes payable 2021 for Series 2015A. BE lT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest payments on General Obligation Bond Series 20t7Ain the amount of 5329,779 and that the County Auditor is authorized to cancel 5329,779 of the related Bond Levy for taxes payable in 2O2l,leaUng a balance of S0 to be levied for taxes payable in 2021 for Series 2017A. BE lT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest payments on General Obligation Bond Series 2017B in the amount of 5245,000 and that the County Auditor is authorized to cancel 5245,000 of the related Bond Levy for taxes payable in 2021, leaving a balance of 5319,286 to be levied for taxes payable in 2027 for Series 2Ot7B. BE lT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest payments on General Obligation Bond Series 20184 in the amount of $29,956 and that the County Auditor is authorized to cancel SZS,S00 of the related Bond Levy for taxes payable in 2021, leaving a balance of 5185,415 to be levied for taxes payable in 2O2t for Series 2018A. The Finance Director is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka Cou nty, Minnesota. Approved this 14th day of December,2020 Offered By: Novitsky Seconded By: Murzyn, Jr. Roll Call: All Ayes Attest:Donna Schmitt, Mayor fur>e.ru',z Nicole Tingley, City Ct"rLTiJ*it SUffi Citv of Columbia Heiehts - Council Resolution 2020-117 Pase 2