HomeMy WebLinkAboutResolution 2021-135 Final General Fund Budget and Property Tax Levy 2022City of Corcoran
County of Hennepin
State of Minnesota
RES OLU T ION NO. 2021-135
Motion By: Bottema
Seconded By: Veh renkamp
December 9, 2021
A RESOLUTION ADOPTING 2022 BUDGET AND FINAL 2021 TAX LEVY,
COLLECTIBLE IN 2022
BE IT RESOLVED, by the City of Corcoran, that the City Council hereby adopt the 2022 City
Budget; and
BE IT RESOLVED, the Downtown Utility and Street Improvement Debt 2016A will be paid by
the City's water and sewer utility funds; and
BE IT FURTHER RESOLVED , by the City of Corcoran , that the City Council hereby declare the
following sums of money be levied for the current year, collectible in 2022 , for the following
purposes:
GENERAL PROPERTY TAX LEVY
EQUIPMENT CERTIFICATE DEBT 2016A
EQUIPMENT CERTIFICATE DEBT 2018A
DEBT SERVICE LEVY 201 SA
ABATEMENT LEVY 2018A
EQUIPMENT CERTIFICATE DEBT 2020A
FACILITY EXPANSION DEBT -PUBLIC WORKS 2020B
FOR A TOTAL LEVY OF
VOTING AYE
[g] McKee, Tom
[g] Bottema, Jon
[g] Nichols, Jeremy
[g] Schultz, Alan
[g] Vehrenkamp, Dean
$5,139,711
$39 ,690
$81,323
$32 ,996
$78,750
$104,475
$222,484
$5,699,429
VOTING NAY
D McKee, Tom
D Bottema, Jon
D Nichols, Jeremy
D Schultz, Alan
D Vehrenkamp, Dean
Whereupon, said Resolution is hereby declared adopted on this 9th day of December, 2021 .
City S eal
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HENNEPIN COUNTY
M I NNESOTA
State of Minnesota
County of Hennepin
Taxing Jurisdiction City of Corcoran
2022 FINAL LEVY CERTIFICATION
I, ___ Je_s_s_ic_a_B_e_is_e ___ Clerk of ___ C_it~y_o_f_C_o_rc_o_r_a_n __ hereby certify that
the following Resolution establishing the levy upon taxable property in said Taxing Jurisdiction
was passed by the governing body at a duly convened meeting held on December 9, 2021 . -------'-----
:-------------------LEVY ITEM --_ I CERTIFIED LEVY*
1. General Revenue 5,139,711.00
2. Bonded Indebtedness** 559,718.00
3. Sewer District
*The levy amount by line item should already be reduced by Local Government Aid (LGA) and other resources
used to finance your taxing jurisdiction's budget.
** Provide a breakdown of the certified levy by individual bond on page 2.
*** Per M.S. 275.61, Levies for the payment of debt obligations that are approved by voters after June 30, 2008
must be levied on net tax capacity.
Given under my hand this 28th day of , 2 021. ------December
HENNEPIN COUNTY
M I NNESOTA
LEVY CERTIFICATION -DEBT SERVICE SCHEDULE
.~ --------------------
BOND DESCRIPTION ; CERTIFIED LEVY
!
Equipment Certificate Debt 2012A -
Equipment Certificate Debt 2016A 39 ,690 .00
Equipment Certificate Debt 2018A 81,323.00
Debt Service Levy 2018A 32,996.00
Abatement Levy 2018A 78,750.00
Equipment Certificate Debt 2020A 104,475.00
Facilty Expansion Debt -Public Works 20208 222,484.00
DEBT SERVICE TOTAL** $ 559,718.00
** This must match the totals for debt service reported on page 1.
Per M.S. 475.61 all debt must be accounted for in the resolution . If the amount levied is less than the required amount from the
payment schedule for the bond, you must submit a resolution statin g that there are s ufficient funds for that bond. This can b e
included in th e same resolution with your le vy.
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