Public Hearing on 2017 Tax Levies and General Fund Budget & Adopt Resolution #16-12-237 Adopting the 2016, Payable 2017 Municipal Tax Levy; Adopt Resolution #16-12-238 Adopting the 2017 General Fund Budget and Adopt Resolution #16-12-239 Adopting the 2017 Economic Development Authority (EDA) Budget.

Purpose:  The city is required to hold a meeting where the city's budget and levy will be discussed and the public can give input.  The city is required to adopt a levy and certify to the county auditor by December 28, 2016. A budget/levy slide presentation will be provided that will outline the city's proposed 2017 levies and General Fund Budget. A brief recap of this presentation are as follows: 2017 Final Overall Levy: $10,479,058-no reduction from September Preliminary levy of $10,479,058.  The final adopted levy in 2016 was $9,971,075.       Levy Components:  General Fund Levy:      $8,670,635 ($8,287,721 - Year 2016)                                        Debt Service Levies:   $1,704,442 ($1,609,736- Year 2016)                                        EDA Levy:                   $  103,981 ($73,618 - Year 2016) The levy increase from payable 2016 to payable 2017 is mostly attributed to a full-time Drug Task Force Officer, Part-Time Assistant to Assistant City Administrator/Economic Development Manager, Part-Time Building Maintenance Worker,  the first year debt financing of the second road reconstruction projects that included Andrie Street and 164th Lane, City website redesign, E Plan Review (Building Permit software), Recreational Programming and additional funding to allow for flexibility and improvements to the city's economic development strategies.    2017 Final Tax Capacity Rate:  42.406% (43.14% - Year 2016)    2017 General Fund Budget:  $11,128,759 ($10,925,127 - Year 2016).    2017 EDA Budget:  $113,981 ($83,618 - Year 2016) All  EDA and General Fund documents are included together, as the EDA levy calculates into the total general levy calculation of the city and thus accounts for the several motions listed below.

At is regular meeting of September 27, 2016, City Council agreed upon December 13, 2016 at 7:00 PM to hold a public meeting on the 2017 levy and budget.  This date and time was printed on the proposed tax statements that were sent to each taxable property and public hearing notice was also posted in the Anoka County Union on December 2, 2016.

Option #1 - Motion for City Council to Adopt Resolutions #16-12-237 Adopting the 2016 Payable 2017 Municipal Tax Levies(General, EDA and Debt Service) in the amount of $10,479,058; Adopt Resolution #16-12-238 Adopting the 2017 General Fund Budget in the amount of $11,128,759 and Adopt Resolution #16-12-239 Adopting the 2017 EDA Budget in the amount of $113,981.

Option #2 - Motion for City Council to Adopt Resolutions as stated above in Option 1, but with the following modifications:________________

Option#3 - Motion for City Council to not adopt the attached resolutions.  If a final levy is not adopted it reverts back to the final levy of 2016 in the amount of $9,9,971,075.

The EDA levy supports the EDA budget and the General Levy supports the General Fund Budget and debt service

Staff Recommends Option #1 as outlined above.

Motion to Adopt Resolution #16-12-237 Adopting the 2016, Payable 2017 Municipal Tax Levies (General, EDA and debt service) in the amount of $10,479,058

and

Motion to Adopt Resolution #16-12-238 Adopting the 2017 General Fund Budget in the amount of $11,128,759

and

Motion to Adopt Resolution #16-12-239 Adopting the 2017 EDA Budget in the amount of $113,981.