Resolution No. 2023-111, Approving the Proposed 2024 Property Tax Levy for 2023, Collectible in 2024, for the City of Fridley
Resolution No. 2023-111
Approving the Proposed 2024 Property Tax Levy for 2023,
Collectible in 2024, for the City of Fridley
Whereas, the Fridley City Charter (Charter) of the City of Fridley (City) grants broad powers to the
City to raise money by taxation pursuant to the laws of the State of Minnesota; and
Whereas, the Charter also establishes both the budget preparation process and the
responsibilities of the City Council and City Manager for these activities; and
Whereas, Minnesota Statutes § 275.065 requires the City to certify its proposed property tax levy
requirements to the Anoka County on or before September 30; and
Whereas, the City Council will hold a public hearing on November 27, 2023, at 7:00 p.m. in the
Council Chambers at Fridley Civic Campus, to receive comments regarding the proposed property
tax levy for 2023, collectible in 2024; and
Whereas, the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2017A in the amount of $200,000 and authorizes
the County Auditor to cancel $200,000 of the related Bond Levy for taxes payable in 2024, leaving
a balance of $2,979,256 for taxes payable 2024 for Series 2017A.
Now, therefore be it resolved, that the City Council of the City of Fridley hereby certifies to the
County of Anoka, Minnesota, the following proposed property tax to be levied in 2023 for
collection in 2024:
Proposed 2024 Property Tax Levy
Levy Component Amount
General Fund $ 14,950,600
Information Technology Capital Projects Fund 79,872
Springbrook Nature Center Fund 538,211
Bonded Indebtedness 5,009,116
Total $ 20,577,799
Be it further resolved, that the City Council authorizes the City Manager, or their designee, to
transmit a certified copy of this resolution to the County of Anoka, Minnesota.
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Passed and adopted by the City Council of the City of Fridley this 25 day of September,
2023.
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Attest: Scott J. Lund – Mayor
Melissa M. Moore – City Clerk