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RESOLUTION NO. 7706 <br /> <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> <br /> Adopting the 2011 Property Tax Levy <br /> <br />WHEREAS, the City Council has conducted numerous meetings and has made available detailed <br />copies of the proposed 2011 Budget; and <br /> <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 /> <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 /> <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 /> <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 /> <br />General Fund base levy $ 3,402,792 <br />Fire Bonds of 2005 levy 93,885 <br />PERA rate increase levy 39,145 <br />Police Referendum market value levy 196,000 <br /> <br />Total General Fund 2010 property tax levy $ 3,731,822 <br /> <br /> G.O. Improvement Bonds of 2004 debt service levy $ 190,553 <br /> <br /> Street Improvement Capital Projects Fund $ 300,000 <br /> <br /> Total Property Tax Levy 2010 $ 4,222,375 <br /> <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 /> <br />Said resolution was declared to have been duly passed and adopted this 13th day of December, <br />2010. <br /> <br /> __________________________ <br /> Joe Flaherty, Mayor <br />ATTEST: <br /> <br />__________________________ <br />Jim Ericson, City Administrator <br />(SEAL)