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City Council Minutes <br /> December 3, 2019 <br /> Page3of14 <br /> ----------------------------- <br /> Council discussion ensued about funding opportunities. <br /> 5.2. BudqeULew Public Hearinq <br /> A. Budqet and Lew Presentation <br /> Nancy Malecha gave a presentation on the following information and <br /> explained how property taxes are calculated. <br /> • The general revenue tax levy of$1,789,860. <br /> • The tax abatement levy of$18,693. <br /> • The total levy amount of$1,808,553. <br /> • The HRA levy of$38,250. <br /> B. Public Hearinq on Budqets and <br /> Mayor Tayloe opened the public hearing. <br /> There being no comments on the budgets and levies, Mayor Tayloe closed <br /> the public hearing. <br /> C. Adoption of 2020 Citv Budqets <br /> D. Consider Tax Lew Resolutions <br /> The City must certify final property tax levies to the County Auditor by <br /> December 30tn <br /> COUNCIL MEMBER SWANSON MOVED TO APPROVE THE BUDGET AS <br /> FOLLOWS: <br /> • 2020 HRA BUDGET OF $38,250. <br /> • 2020 TAX LEVY BUDGETS OF $5,641,113 IN REVENUE AND <br /> $6,570,063 IN EXPENDITURES. <br /> • 2020 SPECIAL REVENUE 8� ENTERPRISE BUDGETS OF $913,540 <br /> IN REVENUE AND $727,380 IN EXPENDITURES. <br /> COUNCIL MEMBER SEILS SECONDED THE MOTION. MOTION <br /> CARRIED 3-1. COUNCIL MEMBER PEDERSON OPPOSED. <br /> COUNCIL MEMBER SEILS MOVED TO ADOPT RESOLUTION 19-35 <br /> SETTING THE 2020 HRA LEVY AT$38,250. COUNCIL MEMBER <br /> SWANSON SECONDED THE MOTION. MOTION CARRIED 4-0. <br /> COUNCIL MEMBER SWANSON MOVED TO ADOPT RESOLUTION 19-36 <br /> SETTING THE 2020 GENERAL REVENUE TAX LEVY AT a1,789,860 AND <br /> THE TAX ABATEMENT LEVY AT $18,693. COUNCIL MEMBER SEILS <br />