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2020 EDA Budget: $98,913 ($109,163 - Year 2019) <br />All EDA and General Fund documents are included together, as the EDA levy calculates into the <br />total general levy calculation of the city and thus accounts for the several motions listed below. <br />Notification: <br />At is regular meeting of September 24, 2019, City Council agreed upon December 10, 2019 at 7:00 PM to hold a <br />public meeting on the 2020 levy and budget. This date and time was printed on the proposed tax statements that <br />were sent to each taxable property and public hearing notice was also posted in the Anoka County Union on <br />December 6, 2019. <br />Observations/Alternatives: <br />Option #1 - Motion for City Council to Adopt Resolutions #19-291 Adopting the 2019 Payable 2020 Municipal <br />Tax Levies(General, EDA and Debt Service) in the amount of $12,509,232; Adopt Resolution #19-292 Adopting <br />the 2020 General Fund Budget in the amount of $13,303,589 and Adopt Resolution #19-293 Adopting the 2020 <br />EDA Budget in the amount of $98,913. <br />Option #2 - Motion for City Council to Adopt Resolutions as stated above in Option 1, but with the following <br />modifications: <br />Option#3 - Motion for City Council to not adopt the attached resolutions. If a final levy is not adopted it reverts <br />back to the final levy of 2019 in the amount of $11,831,336. <br />Funding Source: <br />The EDA levy supports the EDA budget and the General Levy supports the General Fund Budget and debt service <br />Recommendation: <br />Staff Recommends Option # 1 as outlined above. <br />Action: <br />Motion to Adopt Resolution #19-291 Adopting the 2019, Payable 2020 Municipal Tax Levies (General, EDA and <br />debt service) in the amount of $12,509,232 <br />and <br />Motion to Adopt Resolution #19-292 Adopting the 2020 General Fund Budget in the amount of $13,303,589 <br />and <br />Motion to Adopt Resolution #19-293 Adopting the 2020 EDA Budget in the amount of $98,913. <br />Attachments <br />2020 General Fund Budget <br />2020 EDA Budget <br />Reso #19-291 Adopting the 2019/Payable 2020 Municipal Tax Levy <br />Reso #19-292 Adopting the 2020 General Fund Budget <br />Reso #19-293 Adopting the 2020 EDA Budget <br />