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Resolution No. •,6" 8 <br /> CITY OF MOUNDS VIEW <br /> County of Ramsey <br /> State of Minnesota <br /> A resolution authorizing a property tax rate increase for the year 2000 pursuant to State <br /> Statutes. <br /> WHEREAS, State Statutes require taxing jurisdictions to pass a resolution prior to October 20th if <br /> they wish to have a tax rate increase as defined by the Statute over the previous year's tax rate; <br /> WHEREAS, the preliminary budget provides for an increase in the tax levy of less than 1% and <br /> an increase in excess of 5% in the City's tax capacity; <br /> WHEREAS, said Statutes formula for calculating an increase in the City's year 2000 property tax <br /> rate indicated that there will be an increase; and <br /> WHEREAS, the City considered this increase at a regularly scheduled City Council meeting which <br /> meets the requirement of a public hearing as defined in said statute. <br /> NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Mounds View, <br /> Minnesota that said City does hereby authorize that the property tax rate for the year 2000 be <br /> greater than that for the year 1999. <br /> Adopted this 13th day of September, 1999. <br /> Mayor <br /> Clerk-Administrator <br />