24-106 Adopting the 2025 General Fund Operating Budget and Approving the Property Tax Levy collectible in 2025CITY OF SHOREWOOD
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION 24-106
A RESOLUTION ADOPTING THE 2025 GENERAL FUND OPERATING BUDGET
AND APPROVING THE PROPERTY TAX LEVY COLLECTIBLE IN 2025
WHEREAS, the 2025 budget and property tax levies collectible in 2025 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 9, 2024, 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,
MINNESOTA AS FOLLOWS:
1. That a budget of $7,385,220 is adopted to pay for 2025 General Fund operations.
2. That the sum of $7,593,570 is levied for 2024, collectible in 2025, upon taxable property in the
City of Shorewood. Individual fund property tax levies are as follows:
General Fund
$5,905,113
Shorewood Community and Event Center
$
122,000
Debt Service Funds:
2020A G.O. Street Reconstruction Bonds
$
226,497
2021A G.O. Street Reconstruction Bonds
$
307,241
2022A G.O. Street Reconstruction Bonds
$
289,009
2023A G.O. Street Reconstruction Bonds
$
273,210
Capital Project Funds:
Equipment Replacement
$
165,000
Street Improvements
$
170,500
Park Improvements
135,00
7 593 570
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 Shorewood, Minnesota this 9t" day of December 2024.
fi
Je fifer L adie, Mayor
est:
Sandie Thone, City Clerk