HomeMy WebLinkAboutResolution 2019-83 Adopting 2020 Final General Fund Budget and Property Tax LevyCity of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION NO. 2019-83
Motion By: Keefe
Seconded By: Bottema
December �2, 2019
A RESOLUTION ADOPTING 2020 BUDGET AND FINAL 2019 TAX LEVY, COLLECTIBLE IN
2020
BE IT RESOLVED, by the City of Corcoran, that the City Council hereby adopt the 2020 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 2020, for the following
purposes:
GENERAL
PROPERTY TAX
LEVY
$4,104,744
EQUIPMENT
CERTIFICATE
DEBT
2012A
$441389
EQUIPMENT
CERTIFICATE
DEBT
2014A
$521878
EQUIPMENT
CERTIFICATE
DEBT
2016A
$367015
EQUIPMENT
CERTIFICATE
DEBT
2018A
$801010
DEBT SERVICE
LEVY 2018A
$377406
ABATEMENT LEVY 2018A
$737500
FACILITY
EXPANSION
DEBT -
PUBLIC WORKS
$2317617
FOR
A TOTAL
LEVY OF
$ 476607559
VOTING AYE
® Thomas, Ron
® Bottema, Jon
® Dejewski, Brian
® Keefe, Mike
® Schultz, Alan
VOTING NAY
❑ Thomas, Ron
❑ Bottema, Jon
❑ Dejewski, Brian
❑ Keefe, Mike
❑ Schultz, Alan
Whereupon, said Resolution is hereby declared adopted on this 12t'' day of December
2019.
Ron Thomas -Mayor
ATTEST:
v es -
Je sica Beise —Administrative Services Director
City Seal
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