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RESOLUTION NO. 7706 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> Adopting the 2011 Property Tax Levy <br /> WHEREAS, the City Council has conducted numerous meetings and has made available detailed <br /> copies of the proposed 2011 Budget; and <br /> WHEREAS, the City Council provided the public an opportunity to speak at the Truth in Taxation <br /> council meeting on December 6, 2010 to take comment on the proposed 2011 tax levy; and <br /> WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service <br /> levy of $190,553 to be collected in 2011; and <br /> WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was <br /> scheduled to be $97,788, however due to changes in the allocation of costs between participating <br /> cities, Mounds View's actual 2011 cost on said bonds will be $93,885. <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the <br /> following property tax levy for 2011 is hereby approved: <br /> General Fund base levy 3,361,798 <br /> Fire Bonds of 2005 levy 93,885 <br /> PERA rate increase levy 39,145 <br /> Police Referendum market value levy 196,000 <br /> Total General Fund 2010 property tax levy 3,690,828 <br /> G.O. Improvement Bonds of 2004 debt service levy $190,553 <br /> Street Improvement Capital Projects Fund 300,000 <br /> Total Property Tax Levy 2010 4-181 <br /> and the City Administrator is hereby directed to notify Ramsey County and the State of Minnesota of <br /> said 2011 property tax levy. <br /> Said resolution was declared to have been duly passed and adopted this 13th day of December, <br /> 2010. <br /> t <br /> Flahe Ma <br /> ATTEST: <br /> t <br /> `-J VV1� <br /> Jim Ericson, City Administrator <br /> (SEAL) <br />