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RESOLUTION NO. 7866 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> Adopting the 2012 Property Tax Levy <br /> WHEREAS, the City Council has conducted numerous meetings and has made available detailed <br /> copies of the proposed 2012 Budget; and <br /> WHEREAS, the City Council provided the public an opportunity to speak at the Truth in Taxation <br /> council meeting on December 5, 2011 to take comment on the proposed 2012 tax levy; and <br /> WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service <br /> levy of$190,892 to be collected in 2012; and <br /> WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was <br /> scheduled to be $98,197, however due to changes in the allocation of costs between participating <br /> cities, Mounds View's actual 2012 cost on said bonds will be $93,734. <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the <br /> following property tax levy for 2012 is hereby approved: <br /> General Fund base levy $ 3,367,610 <br /> Fire Bonds of 2005 levy 93,734 <br /> PERA rate increase levy 39,145 <br /> Police Referendum market value levy 190,000 <br /> Total General Fund 2012 property tax levy $ 3,690,489 <br /> G.O. Improvement Bonds of 2004 debt service levy $ 190,892 <br /> Street Improvement Capital Projects Fund $ 300,000 <br /> Total Property Tax Levy 2012 $4 181 X81 <br /> and the City Administrator is hereby directed to notify Ramsey County and the State of Minnesota of <br /> said 2012 property tax levy. <br /> Said resolution was declared to have been duly passed and adopted this 12th day of December, <br /> 2011. <br /> Sep <br /> Joelr-lahe r <br /> ATTEST: <br /> Jim Ericson, City Administrator <br /> (SEAL) <br />