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. MINNESOTA Department of Revenue <br /> Property Tax Division Mail Station 3340 St.Paul,MN 55146-334C <br /> Phone(612)296-3155 Fax(612)297-216f <br /> REVISED <br /> Payable 1999 Overall Levy Limitation Notice August 10, 1998 <br /> MOUNDS VIEW CITY OF <br /> CLERK ADMINISTRATOR <br /> CITY HALL <br /> 2401 HIGHWAY 10 <br /> MOUNDS VIEW, MN 55112 <br /> The payable 1999 overall levy limitation for your city is: $ 1,680,211 <br /> The following is a listing of the factors used in determining your city's payable 1999 <br /> overall levy limitation. See the enclosed letter for an explanation of these factors and for <br /> additional information concerning your city's overall levy limitation. <br /> 1. Adjusted Levy Limit Base for Payable 1998: $ 2,713,704 <br /> 2. Adjustment for Payable 1997 Market Value of New C/I Construction <br /> a. Payable 1996 Total Taxable Market Value: $ 371,353,650 <br /> b. Payable 1997 Market Value of New C/I Construction: $ 100,000 <br /> c. Adjustment(1 +Ratio of(b)to (a)): 1.000 <br /> 3. New Construction Adjusted Payable 1998 Levy Limit Base <br /> (1 x 2c): $ 2,713,704 <br /> 3. Implicit Price Deflator Adjustment(Mar. 98/Mar. 97): 1.018 <br /> 4. Household Growth Adjustment <br /> a. 1996 Households: 4,904 <br /> b. 1997 Households: 4,927 <br /> c. Ratio of 1997 to 1996 Households(b/a, but not less than <br /> 1.000): 1.005 <br /> 6. Adjustment for Payable 1998 Market Value of New C/I Construction <br /> a. Payable 1997 Total Taxable Market Value: $ 387,967,350 <br /> b. Payable 1998 Market Value of New C/1 Construction: $ 683,276 <br /> c. Adjustment(1 +Ratio of(b) to (a)): 1.002 <br /> 7. Adjusted Levy Limit Base for Payable 1999 (3 x 4 x 5c x 6c): $ 2,781,916 <br /> 8. New Net Tax Capacity-Based Referendum Levies: $ <br /> 9. 1999 Property Tax Aids <br /> a. 1999 Certified Local Government Aid (LGA): $ 723,414 <br /> b. 1999 Certified Homestead and Agricultural Credit Aid <br /> (HACA): $ 362,726 <br /> c. 1999 Certified Local Performance Aid(LPA): $ 15,565 <br /> d. 1999 Estimated Taconite Aids: $ <br /> e. 1999 Certified Existing Low Income Housing Aid: $ <br /> f. Total (a+b+c+d+e): $ 1,101,705 <br /> 10. 1998 Tax Rate Excess Tax Increments: $ <br /> 11. Payable 1999 Overall Levy Limitation(7+8 - 9f- 10): $ <br /> An equal opportunity employer 77'Y/TDD:(612)215-0069 <br />