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17-080CITY OF SHOREWOOD RESOLUTION NO. 17 - 080 ADOPTING THE PRELIMINARY 2018 GENERAL FUND OPERATING BUDGET AND TAX LEVY WHEREAS, City staff have presented the preliminary 2018 budget and tax levy at work sessions in August; and WHEREAS, the City Council has reviewed the budget and tax levy and made modifications to each that reflect desired community service levels; and WHEREAS, the City Council is required to approve and certify the proposed 2018 preliminary levy to the Hennepin County Auditor by September 30; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD AS FOLLOWS: The 2018 Preliminary General Fund Budget is hereby set at $6,195,632. 2. $5,388,236 is to be levied for 2017 ad valorem property taxes, collectible in 2018 upon all taxable property in the City of Shorewood. 3, The Finance Director is hereby instructed 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 SHOREWOOD this 11`x' day of September, 2017. ATTEST: Sandie Thone, City Clerk Lebbie Siakel, Mayor Pro -Tem State of Minnesota County of Hennepin Taxing Jurisdiction of City of Shorewood 1, Sandie Thone Clerk of said Taxing Jurisdiction of City of Shorewood 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 September 11, 2017. LEVY ITEM CERTIFIED LEVY* 1. General Revenue $5,388,236 2. Bonded Indebtedness ** 3. Sewer District A. Total Tax Capacity Based Levy $5,388,236 B. Market Value Based Referendum C. Total Tax Capacity and Market Value Based Levies $5,388,236 * 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. Given under my hand this 11th day of September, 2017. Taxing Jurisdiction Clerk September 12, 2017 CITY OF 5755 Country Club Road • Shorewood, Minnesota 55331 952- 960 -7900 Fax: 952- 474 -0128 • www.ci.shorewood.mmus • cityha11@dshorewood.mn.us dshorewood.mn.us Joan Flavin, Tax Accounting Supervisor Hennepin County Treasurer Resident and Real Estate Services A -600 Government Center 300 South 6th Street Minneapolis, MN 55487 -0060 Re: Proposed Levy Ceritifcation Pursuant to the requirement for all governing bodies of each city or county to adopt a proposed property tax levy for taxes payable 2018 and certify that amount to the home county auditor on or before September 29, 2017. The Proposed Levy Certification for the City of Shorewood to certify the proposed pay 2018 levy is attached. If you have any questions, please call Sandie Thone at (952) 960 -7911 or Joe Rigdon at (952) 960 -7903. Sincerely, tv" I Sandie Thone City Clerk City of Shorewood sthone@ci.shorewood.mn.us HHennepin Cuuntyireasurer A -600 Government Center 300 S. Sixth St. Minneapolis, MN 55487 -0060 August 1, 2017 Taxing District Official: The governing bodies of each city or county must adopt a proposed property tax levy for taxes payable 2018 and certify that amount to the home county auditor on or before September 29, 2017. The form(s) to certify the proposed pay 2018 levy are attached. For municipalities that have levied for HRAs and /or EDAs in prior years, a copy of the payable 2018 levy limit schedule is included with this mailing. For those districts with a scheduled bonded debt levy for collection in 2018, a copy of the bond levy schedule for your taxing jurisdiction is enclosed. If you are levying an amount other than the scheduled amount, a board resolution to cancel the bonded indebtedness levy is required. According to M.S. 475.61, the county is required to levy the amount originally certified unless the taxing authority passes a resolution canceling the levy. Please mail the completed Proposed Levy Certification to: Joan Flavin Resident and Real Estate Services A -600 Government Center 300 South 6"' Street Minneapolis, MN 55487 -0060 If you have any questions, please call Sebastian Vannavong at (612) 348 -3256 or Eaman Awad at (612) 543 -2485. Sincerely, Joan Flavin Tax Accounting Supervisor Hennepin County Property Tax Division