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At is regular meeting of September 22, 2020, City Council agreed upon December 8, 2020 at 7:00 PM to hold a <br />public meeting on the 2021 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 />November 27, 2020. <br />Included in the 2021 levy is a debt service levy attributed to the debt issuance for the new public works campus. <br />This debt is scheduled to be sold the morning of December 8, 2020. The proposed levy and resolutions have been <br />updated to reflect the December 8 sale. <br />Observations/Alternatives: <br />Option #1 - Motion for City Council to Adopt Resolutions #20-291 Adopting the 2020 Payable 2021 Municipal <br />Tax Levies(General, EDA and Debt Service) in the amount of $13,009,808; Adopt Resolution #20-292 Adopting <br />the 2021 General Fund Budget in the amount of $14,383,348 and Adopt Resolution #20-293 Adopting the 2021 <br />EDA Budget in the amount of $85,360. <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 2020 in the amount of $12,509,232. <br />Funding Source: <br />The EDA levy supports the EDA budget, the General Levy supports the General Fund Budget and debt service levy <br />supports the respective annual debt service payments. <br />Recommendation: <br />Staff Recommends Option #1 as outlined above. <br />Action: <br />Motion to Adopt Resolution #20-291 Adopting the 2020, Payable 2021 Municipal Tax Levies (General, EDA and <br />debt service) in the amount of $13,009,808; and <br />Motion to Adopt Resolution #20-292 Adopting the 2021 General Fund Budget in the amount of $14,3 83,348; and <br />Motion to Adopt Resolution #20-293 Adopting the 2021 EDA Budget in the amount of $85,360. <br />Attachments <br />Reso #20-292 Adopting the 2021 General Fund Budget <br />Reso #20-293 Adopting the 2021 EDA Budget <br />2021 General Fund Budget for Flnal <br />2021 EDA Budget <br />Reso #20-291 Adopting the 2021/ Payable 2021 Municipal Tax Levy <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 12/03/2020 12:04 PM <br />Kurt Ulrich Kathy Schmitz 12/08/2020 12:38 PM <br />Diana Lund (Originator) Diana Lund 12/08/2020 12:51 PM <br />Diana Lund (Originator) Kathy Schmitz 12/08/2020 12:52 PM <br />Kurt Ulrich Kathy Schmitz 12/08/2020 12:52 PM <br />Form Started By: Diana Lund Started On: 12/01/2020 08:58 AM <br />