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Attachment E - 12/7/2020 Council Meeting <br />79 Pres Homes Î Langton Lake = 50 <br />80 The Sanctuary = 103 <br />81 Edison (phase 1) = 59 <br />82 The Pointe = 93 <br />83 Owasso Gardens (Common Bond) = 60 <br />84 The Isaac (Reuter Walton) = 127 <br />85 The Oasis (Dominium) = 228 <br />86 Cty RD C 2 & Lexington townhomes = 32 <br />th <br />87 Total = 764 (most of these apartment units likely wouldnÓt come online until 4 quarter of <br />88 2021) <br />89 P OLICY O BJECTIVE <br />90 Adopting a preliminary budget and tax levy is required under MN State Statutes. <br />91 F INANCIAL I MPACTS <br />92 See above and attached information. <br />93 S TAFF R ECOMMENDATION <br />94 Staff Recommends the Council adopt the preliminary 2021 Tax Levy and Budget as outlined in thie report <br />95 and in the attached resolutions. <br />96 R EQUESTED C OUNCIL A CTION <br />97 The Council is asked to take the following separate actions: <br />98 a) Motion to approve the attached Resolution adopting the 2021 Preliminary Tax Levy <br />99 b) Motion to approve the attached Resolution adopting the 2021 Prelimnary Debt Levy <br />100 c) Motion to approve the attached Resolution adopting the 2021 Preliminary Budget <br />101 <br />Prepared by: Michelle Pietrick, Finance Director <br />Attachments: A: Resolution to adopt the 2021 Preliminary Tax Levy, with an alternate <br /> B: Resolution to adopt the 2021 Preliminary Debt Levy <br /> C: Resolution to adopt the 2021 Preliminary Budget, with an alternate <br /> D: City Manager Recommended Tax Levy & Budget Information Package (from August 10,2020 City <br />Council meeting) <br /> E: Combined Funds Financial Summary <br /> F: Citizen Budget Comments <br /> G: Excerpt of DRAFT Finance Commission minutes from September 8, 2020 meeting <br /> H: Tax Impacts to Residential and Commercial Properties based on various valuations <br />102 <br />Page 4 of 4 <br /> <br />