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MAYOR <br />Michael L Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />515 Little Canada Road, Little Canada, MN 55117 -1600 ADMINISTRATOR <br />(651) 484 -2177 / FAX: (651) 484 -4538 Joel R. Hanson <br />Email: cityhall @ci.little- canada.mn.us <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />DATE: October 6, 2000 <br />RE: Increasing City Levy <br />Attached is a resolution we need to enact in order to have the authority to increase our <br />levy based on the 5% figure we have certified. State Law now requires this resolution <br />when the proposed tax rate will exceed the levy certification rate as calculated by <br />dividing the 2000 certified net levy by the 2001 tax capacity (the attached sheets depict <br />this calculation). You will note that with our growth in tax base, this rate is 16.52 %. <br />With a 5% net levy increase I am projecting our tax rate at slightly over 17 %. <br />I recommend we adopt the resolution as proposed. <br />Page 30 <br />