HomeMy WebLinkAboutResolution 2016-98 Adopting 2017 Final General Fund Budget and Property Tax Levy2017 FINAL LEVY CERTIFICATION
State of Minnesota
County of Hennepin
Taxing Jurisdiction of City of Corcoran
1, Jessica Beise Clerk of said Taxing Jurisdiction of City of Corcoran
hereby certify that the following Resolution was passed by the governing body of said Taxing Jurisdiction at a duly
convened meeting held in said Taxing Jurisdiction on December 19, 2016.
On motion it was resolved that the following sums of money be raised by tax upon the taxable
property in said Taxing Jurisdiction for the following purposes for the current year.
LEVY ITEM
CERTIFIED
LEVY*
1. General Revenue
$372263186
2. Bonded Indebtedness`*
$4897979
3. Sewer District
$
A. Total Tax Capacity Based Levy
$
B. Market Value Based Referendum Levy
$
C. Total Tax Capacity and Market Value Based Levies
$377167165
* 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 the reverse side.
I further certify that 1 have compared the foregoing with the original entry of the minutes of the Meeting
so held on December 19, 2016 as the same are recorded in the Book of Records of said Taxing
Jurisdiction, and that the same is a correct transcript therefrom.
Given under my hand this 20th day of December, 2016.
Taxing Jurisdiction Clerk
LEVY CERTIFICATION
Debt Service Schedule
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. . . ' Lev:'::
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-e
Equipment Certificate Debt 2008 A
104)882.00
Equipment Certificate Debt 2010 A
62)812.00
Equipment Certificate Debt 2012 A
45)964.00
Equipment Certificate Debt 2014 A
537419.00
Equipment Certificate Debt 2016 A
37)590.00
Facility Expansion Debt - Public Works
1857312.00
Debt Service Total
4897979
This must match the totals for Debt Service reported on the front.
Per M.S. 475.61 all debt must be accounted for in your resolution. If the amount levied is less
than the required amount from the payment schedule for the bond, you must pass a resolution
stating that you have sufficient funds for that bond. This can be included in the same
resolution with your levy. You must submit your resolution with this certification form.
City of Corcoran December19, 2016
County of Hennepin
State of Minnesota
RESOLUTION NO. 2016 -98
Motion By: Thomas
Seconded By: LaFave
A RESOLUTION ADOPTING 2017 BUDGET AND FINAL 2016 TAX LEVY, COLLECTIBLE IN
2017
BE IT RESOLVED, by the City of Corcoran, that the City Council hereby adopt the 2017 City
Budget; 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 2017, for the following
purposes:
GENERAL PROPERTY TAX LEVY
$ 3,226,186
EQUIPMENT CERTIFICATE DEBT 2008A
$ 1047882
EQUIPMENT CERTIFICATE DEBT 2010A
$ 62,812
EQUIPMENT CERTIFICATE DEBT 2012A
$ 457964
EQUIPMENT CERTIFICATE DEBT 2014A
$ 531419
EQUIPMENT CERTIFICATE DEBT 2016A
$ 37,590
FACILITY EXPANSION DEBT - PUBLIC WORKS
$ 185,312
FOR A TOTAL LEVY OF
$ 3,716,165
VOTING AYE
® Guenthner, Ken
® Hank, Pat
® Keefe, Mike
® LaFave, Tonya
® Thomas, Ron
VOTING NAY
F-1 Guenthner, Ken
❑ Hank, Pat
❑ Keefe, Mike
❑ LaFave,Tonya
❑ Thomas, Ron
Whereupon, said Resolution is hereby declared adopted on this 191" day of December
2016.
Ken Guenthner -Mayor
ATTEST:
ssica Beise —City Clerk/Administrative Services Coordinator
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