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CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA NOTICE IS HEREBY GIVEN that the Mounds View City Council will hold a public hearing during its regularly scheduled meeting on Monday, December 13, 2021 at 6:30 p.m. to consider the first reading of Ordinance 984 an ordinance amending Section 7.03, Subdivision 1, of the City of Mounds View Charter pertaining to the City's System of Taxation. The amendments are as follows: Section 7.03, subdivision 1 of the Mounds View City Charter is hereby amended by adding the double - underlined language and deleting the stricken language as follows: Subdivision 1. The City's annual resolution to levy ad valorem taxes (raising money against real and personal property) shall adhere to the following formula: ; eithe the tax levy dollar amount may be increased up to 6.5% over the prior year tax levy dollar amount iner-e se by o ;-Pr--ke-e4ndex)o ,except in the following circumstances: A) The tax levy dollar amount may be increased an additional 2.5%, to a total of 9%, over the prior year tax levy dollar amount by an affirmative vote of four or more members of the Council. The tax levy dollar amount maybe increased to Consumer Price Index (CPI) plus 2.50/o, if CPI exceeds 6.5%, by an affirmative vote of four members of the Council. The CPI shall be the 12-month average of the most recently published data for all Urban Consumers in the Minneapolis, St. Paul metropolitan area, as defined by the U.S. Department of Labor, Bureau of Labor Statistics. The limits in this subdivision shall be suspended for one year after the decertification of a Tax Increment Financing District The public hearing will be held at Mounds View City Hall, 2401 Mounds View Boulevard, Mounds View, MN 55112. You may also join the meeting by telephone or other interactive technology pursuant to Minnesota Statutes, section 13D.021. Instructions for accessing the meeting remotely can be found on the meeting agenda on the City's website at www.moundsviewmn.or on the day of the meeting. Questions or comments related to the public hearing may be emailed to nyle.zikmund&moundsviewmn.org, made by phone at (763) 717-4001, or mailed to City Hall. Comments submitted through these methods must be received by Monday, December 13, 2021 at 12:00 p.m. in order to be considered during the public hearing to be held later that evening. Please note that any emails, letters and attachments you send to the city may be public information and city staff may use them in staff reports that go to the city council and/or the public. If you have any questions regarding this meeting or if you want to make an appointment to review the documentation, please contact me at (763) 717-4001. Nyle Zikmund City Administrator This notice published in the November 9, 2021, edition of the Shoreview Press.