HomeMy WebLinkAboutResolution No. 2026-105, Approving the Proposed Property Tax Levy for 2026, Collectible in 2027, for the City of Fridley
Resolution No. 2026-105
Approving the Proposed Property Tax Levy for 2026, Collectible in 2027,
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 December 14, 2026, at 7 p.m. in the Council
Chambers at Fridley Civic Campus, to receive comments regarding the proposed property tax levy
for 2026, collectible in 2027; 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 $151,308 and authorizes
the County Auditor to cancel $151,308 of the related Bond Levy for taxes payable in 2027, leaving
a balance of $3,026,163 for taxes payable 2027 for Series 2017A.
Whereas, the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2022A in the amount of $96,660 and authorizes the
County Auditor to cancel $96,660 of the related Bond Levy for taxes payable in 2027, leaving a
balance of $1,933,200 for taxes payable 2027 for Series 2022A.
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 2026 for
collection in 2027:
Proposed 2027 Property Tax Levy
Levy Component Amount
General Fund $ 18,645,377
Information Technology Capital Projects Fund 94,185
Springbrook Nature Center Fund 634,725
Bonded Indebtedness 4,959,363
Total $ 24,333,650
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 14 day of September,
2026.
_______________________________________
Dave Ostwald – Mayor
ATTEST:
Melissa Moore – City Clerk