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All EDA and General Fund documents are included together, as the EDA levy calculates into the total <br /> general levy calculation of the city. <br /> Notification: <br /> At is regular meeting of September 26, 2023, City Council agreed upon December 12, 2023 at 7:00 PM <br /> to hold a public meeting on the 2024 levy and budget. This date and time was printed on the proposed <br /> tax statements that were sent to each taxable property and public hearing notice was also posted in the <br /> Anoka County Union Hearald. <br /> Observations/Alternatives: <br /> Option #1 - Motion for City Council to Adopt Resolutions #23-310 Adopting the 2023 Payable 2024 <br /> Municipal Tax Levies(General, Pavement Management, EDA and Debt Service) in the amount of <br /> $20,279,701; Adopt Resolution #23-311 Adopting the 2024 General Fund Budget in the amount of <br /> $20,799,768; and Adopt Resolution #23-312 Adopting the 2024 EDA Budget in the amount of$92,390. <br /> Option #2 - Motion for City Council to Adopt Resolutions as stated above in Option 1, but with the <br /> following modifications: <br /> Option#3 - Motion for City Council to not adopt the attached resolutions. If a final levy is not adopted it <br /> reverts back to the final levy of 2023 in the amount of$18,235,180. <br /> Funding Source: <br /> The EDA levy supports the EDA budget, the General Levy supports the General Fund Budget and debt <br /> service levy supports the respective annual debt service payments and the Pavement Management <br /> Levy supports the City's pavement management program. <br /> Recommendation: <br /> Staff recommends Option#1 as outlined above. <br /> Action: <br /> Motion to Adopt Resolution #23-310 Adopting the 2023, Payable 2024 Municipal Tax Levies (General, <br /> Pavement Management, EDA and debt service) in the amount of$20,279,701: <br /> and <br /> Motion to Adopt Resolution #23-311 Adopting the 2024 General Fund Budget in the amount of <br /> $207995768 <br /> and <br /> Motion to Adopt Resolution #23-312 Adopting the 2024 EDA Budget in the amount of$92,390. <br /> Attachments <br /> Reso#23-310 Adopting the 2023/Payable 2024 Municipal Tax Levy <br /> Reso#23-311 Adopting the 2024 General Fund Budget <br /> Reso#23-312 Adopting the 2024 EDA Budget <br /> 2024 General Fund Budget <br /> 2024 EDA Budget <br /> Form Review <br /> Inbox Reviewed By Date <br />