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2010-101 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 13, 2010 RESOLUTION NO: 2010 -101 MOTION BY: McDonald SECONDED BY: Litsey A RESOLUTION ADOPTING THE 2011 BUDGET AND CIP AND ESTABLISHING TAX LEVIES FOR 2010, COLLECTIBLE IN 2011 • WHEREAS, the City Council has examined the budgetary and tax levy needs for Chanhassen for the calendar year 2011 through detailed public budget meetings; and WHEREAS, the Public Budget meeting was held on December 6, 2010, to receive public input into the budget and tax levy for 2011; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen that the 2011 Budget for the City of Chanhassen is adopted with revenue and expenditure amounts for the General Fund of $9,617,600, Special Revenue Funds of $17,500, and $92,700 respectively which are detailed in the 2011 Budget which is made part of this motion by reference; and BE IT FURTHER RESOLVED that the City Council of the City of Chanhassen adopts a total tax levy of $10,267,390 for 2011; and BE IT FURTHER RESOLVED that the City Council of the City of Chanhassen adopts a tax levy of $750,000 for the purpose of equipment upgrades and purchases for 2011; and BE IT FURTHER RESOLVED that the City Council of the City of Chanhassen determines that certain bonded indebtedness levies are hereby adopted to meet statutory requirements and bond covenants and that the County Auditor is hereby authorized to spread the adopted bonded debt levies as shown on the attached Tax Levy Certification document; and BE IT FURTHER RESOLVED that the City Council adopts a Capital Improvement Program for years 2011 -2015 in the total amount of $72,591,531. BE IT FURTHER RESOLVED that the City of Chanhassen authorizes the County Auditor to levy the amounts shown on the attached Tax Levy Certification document upon taxable property in the City of Chanhassen in 2010 for collection in 2011, as set forth in the attached Tax Levy Certification document. Passed and adopted by the Chanhassen City Council this 13th day of December, 2010. ATTEST: r� 7 I Tod erhardt, City Manager Thomas A. Furlong, Mayor ,,,. YES NO ABSENT Furlong Ernst None Litsey McDonald Tiornhom