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POLICY H3 <br />9/8/04 <br />ITEM: Certification of the Preliminary Tax Levy for 2005 <br />SUBMITTED BY: Heather Worthington, City Administrator <br />REVIEWED BY: Roland Olson, Finance Director <br />EXPLANATION: <br />Summary: The city sets its preliminary tax levy on or about September 15th each year. This <br />is the preliminary tax levy, and the council may, at their discretion, lower the levy after <br />September 15; however, the council may not raise the levy amount after that date. <br />ATTACHMENT: <br />• Council Resolution 04-16 on page ~_ <br />ACTION REQUESTED: <br />• • Approval of Council Resolution 04-16 certifying the preliminary tax levy for 2005 <br />4a <br />