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RESOLUTION NO. 8488 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> Adopting the 2016 Property Tax Levy <br /> WHEREAS, the City Council has conducted numerous meetings and has made available <br /> detailed copies of the proposed 2016 Budget; and <br /> WHEREAS, the City Council provided the public an opportunity to speak at the Truth in <br /> Taxation meeting on December 7, 2015 to take comment on the proposed 2016 tax levy; and <br /> WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was <br /> scheduled to be $98,149, however due to changes in the allocation of costs between participating <br /> cities, Mounds View's actual 2016 cost on said bonds will be $100,099; and <br /> WHEREAS, when the Fire Equipment Certificates of 2011 were issued, the debt service was <br /> scheduled to be $50,735, however due to changes in the allocation of costs between participating <br /> cities, Mounds View's actual 2016 cost on said bonds will be $54,020. <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the <br /> following property tax levy for 2016 is hereby approved: <br /> General Fund base levy $ 3,706,549 <br /> Fire Bonds of 2005 levy 100,099 <br /> Fire Equipment Certificates of 2011 levy 54,020 <br /> PERA rate increase levy 39,145 <br /> Police Referendum market value levy 194,000 <br /> Total General Fund property tax levy $ 4,093,813 <br /> Street Improvement Capital Projects Fund levy $ 300,000 <br /> Total Property Tax Levy $ 4,393.813 <br /> and the City Administrator is hereby directed to notify Ramsey County and the State of Minnesota of <br /> said 2016 property tax levy. <br /> Said resolution was declared to have been duly passed and adopted this 14th day of December, 2015. <br /> ,Jae Flaherty, ayor <br /> ATTEST: <br /> 47AAAW) ' • <br /> z <br /> James Ericson, City Administrator <br /> (SEAL) <br />