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Agenda Item 3B <br />STAFF ORIGINATOR: Linda Waite Smith <br />DATE: 8/4/99 <br />TOPIC: <br />Vote Needed: 3/5 <br />BACKGROUND <br />Set Public Hearing to Adopt a Resolution Relating to the <br />Tax Rate Authorization for the Year 2000 <br />The State of Minnesota has enacted Chapter 243, Laws of Minnesota 1999, Article 6, <br />Section 2 requiring the city council to <br />1. Hold a public hearing acknowledging that if the tax rate for year 2000 increases <br />over the 1999 tax rate, then the higher tax rate will be authorized, and <br />2. Following public input, if the council chooses to authorize an increase in the <br />property tax rate, it should adopt a resolution approving the tax rate increase, and <br />3. File a copy of the resolution with the Anoka County Auditor on or before October <br />20, 1999. <br />The resolution does not have to specify the amount of increase in the rate. It only <br />has to affirm that the tax rate may increase. <br />The numbers are not as of yet available from the County to determine whether or not <br />there will be a tax rate increase, but staff would like to be proactive and satisfy the <br />resolution requirement early. <br />OPTIONS <br />1. Set the tax rate public hearing for August 23, 1999. <br />2. Set the tax rate public hearing for a different date on or before October 20, 1999 <br />RECOMMENDATION <br />Option 1 <br />