21-154 Adopting the 2022 General Fund Operating Budget and Approving the Property Tax Levy Collectible in 2022CITY OF SHOREWOOD
RESOLUTION NO.21-154
A RESOLUTION ADOPTING THE 2022 GENERAL FUND OPERATING BUDGET
AND APPROVING THE PROPERTY TAX LEVY COLLECTIBLE IN 2022
WHEREAS, the 2022 Budget and property tax levies collectible in 2022 for the
City of Shorewood have been prepared and reviewed by the City Council; and,
WHEREAS, the budget has been modified by the City Council to meet service delivery
goals; and,
WHEREAS, the City Council held a Truth -in -Taxation public meeting on December 6,
2021, to receive public comment regarding the adoption of such budgets and property tax levies;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SHOREWOOD AS FOLLOWS:
1. That a budget of $5,932,098 is adopted to pay for 2022 General Fund operations.
2. That the sum of $6,173,291 is levied for 2021, collectible in 2022, upon taxable
property in the City of Shorewood. Individual fund property tax levies are as follows:
General Fund
$5,207,853
Debt Service Funds (EDA):
2017A Public Project Lease Revenue
Refunding Bonds
$96,065
Debt Service Funds (City):
2020A G.O. Street Reconstruction Bonds
$232,482
2021A G.O. Street Reconstruction Bonds
$282,891
Capital Project Funds:
Equipment Replacement
$118,000
Street Improvements
$118,000
Park Improvements
$118,000
3. That the City Clerk 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 13'' day of
December, 2021.
ATTEST:
Sandie Thone, City Clerk
- ��- '-Z�
Jen fer LVabadie, Mayor