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RESOLUTION NO. 7191 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />Adopting the 2008 Property Tax Levy <br />WHEREAS, the City Council has conducted numerous meetings and has made available <br />detailed copies of the proposed 2008 Budget; and <br />WHEREAS, the City Council held a public hearing on December 3, 2007 to take comment <br />on the proposed 2008 levy; and <br />WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a <br />debt service levy of $188,576 to be collected in 2008; and <br />WHEREAS, when the Fire Improvement Bonds of 1991 were issued, the City's 2007 debt <br />service payment was scheduled to be $76,349, however, due to changes in the allocation <br />of costs between participating cities, Mounds View's actual 2008 debt service cost on said <br />bonds will be $59,719; and <br />WHEREAS, the Fire Improvement Bonds of 2005 were issued and require a debt service <br />levy of $98,651.46 to be collected in 2008. <br />NOW THEREFORE, BE IT RESOLVED by the City Cotancil of the City of Mounds View <br />that the following property tax levy for 2008 is hereby approved: <br />General levy $3,415,243 <br />Fire Bonds of 1991 levy 59,719 <br />Fire Bonds of 2005 levy 98,651 <br />PERA rate increase levy 6,145 <br />Police Referendum net tax capacity levy 70,000 <br />Total General Fund 2008 property tax levy $3,649,758 <br />G.O. Improvement Bonds of 2004 debt service levy 18$ 8,576 <br />Total Property Tax Levy $3 838 334 <br />and the City Clerk-Administrator is hereby directed to notify Ramsey County and the State <br />of Minnesota of said 2008 property tax levy. <br />Said resolution was declared to have been duly passed and adopted this 10th day of <br />December, 2007. <br />