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RESOLUTION NO. 7534 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA Adopting the 2010 Property Tax Levy WHEREAS, the City Council has conducted numerous meetings and has made available detailed copies of the proposed 2010 Budget; and WHEREAS, the City Council provided the public an opportunity to speak at the Truth in Taxation council meeting on December 7, 2009 to take comment on the proposed 2010 tax levy; and WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service levy of $189,558 to be collected in 2010; and WHEREAS, when the Fire Improvement Bonds of 1997 were issued, the debt service was scheduled to be $76,925, however, due to changes in the allocation of costs between participating cities, Mounds View's actual 2010 cost on said bonds will be $60,362; and WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was scheduled to be $98,148, however due to changes in the allocation of costs between participating cities, Mounds View's actual 2010 cost on said bonds will be $94,244. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following property tax levy for 2010 is hereby approved: General Fund base levy Fire Bonds of 1997 levy Fire Bonds of 2005 levy PERA rate increase levy Police Referendum market value levy Total General Fund 2010 property tax levy G.O. Improvement Bonds of 2004 debt service levy Street Improvement Capital Projects Fund Total Property Tax Levy 2010 $ 3,212,525 60,362 94, 244 34, 704 208.000 $ 3.609.835 189 558 $ 300.000 4.099.393 and the City Clerk-Administrator is hereby directed to notify Ramsey County and the State of Minnesota of said 2010 property tax levy. Said resolution was declared to have been duly passed and adopted this 14th day of December, 2009. ~- oe Fla r ATTEST: v ~ ~~~~~ Jim Ericson, City Clerk-Administrator (SEAL)