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All EDA and General Fund documents are included together, as the EDA levy calculates into the total general <br />levy calculation of the city. <br />Notification: <br />City Council agreed upon December 9, 2025 at 7:00 PM to hold a public meeting on the 2026 levy and budget. <br />This date and time was printed on the proposed tax statements that were sent to each taxable property and public <br />hearing notice was also posted in the Anoka County Union Herald. <br />Time Frame/Observations/Alternatives: <br />Option #1 - Motion for City Council to Adopt Resolutions #25-288 Adopting the 2025 Payable 2026 Municipal <br />Tax Levies(General, Pavement Management, EDA and Debt Service) in the amount of $23,376,916; Adopt <br />Resolution #25-289 Adopting the 2026 General Fund Budget in the amount of $22,789,599; and Adopt <br />Resolution #25-290 Adopting the 2025 EDA Budget in the amount of $91,167. <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 2025 in the amount of $21,950,694. <br />Funding Source: <br />The EDA levy supports the EDA budget, the General Levy supports the General Fund Budget and debt service <br />levy supports the respective annual debt service payments and the Pavement Management Levy supports the <br />City's pavement management program. <br />Recommendation: <br />Staff recommends Option#1 as outlined above. <br />Outcome/Action: <br />Motion to Adopt Resolution #25-288 Adopting the 2025, Payable 2026 Municipal Tax Levies (General, Pavement <br />Management, EDA and debt service) in the amount of $23,376,916; <br />and <br />Motion to Adopt Resolution #25-289 Adopting the 2026 General Fund Budget in the amount of $22,789,599 <br />and <br />Motion to Adopt Resolution #25-290 Adopting the 2026 EDA Budget in the amount of $91,167. <br />NOTE: Each Resolution will be adopted by a separate motion. <br />Reso #25-288 Adopting 2026 Tax Levy <br />Reso #25-289 2026 General Fund Budget <br />Reso #25-290 2026 EDA Budget <br />2026 General Fund Budget <br />2026 EDA Budget <br />Attachments <br />Form Review <br />lnbox Reviewed By Date <br />Brian Hagen Brian Hagen 12/04/2025 01:19 PM <br />Form Started By: Diana Lund Started On: 12/02/2025 07:50 AM <br />