How to refer to a value in a PostgreSQL script?

I'd like to use the max value to feed the creation of a sequence. For instance, I am getting the max id value and I'd like to use this value:

DO $$
DECLARE   
    min_value Integer;
BEGIN
    SELECT MAX(tmp.id)+1 into min_value FROM tmp;
    -- raise notice 'Value: %', min_value;
    
    CREATE SEQUENCE id_seq_tmp
    INCREMENT 1
    START :tmp.min_value --Getting error: syntax error at or near ":"
    MINVALUE :tmp.min_value;
END $$;

How do I refer to the max value and pass to the sequence creation? I am using psql (PostgreSQL) 13.3.

Copyright Notice：Content Author:「John Barton」，Reproduced under the CC 4.0 BY-SA copyright license with a link to the original source and this disclaimer.
Link to original article：https://stackoverflow.com/questions/68688417/how-to-refer-to-a-value-in-a-postgresql-script