Draft Resolution_Recommending_Charter_Amendment_by_Ordinance July 27

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MU210-4-736861.v2 EXHIBIT A ORDINANCE NO. ___ CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA AN ORDINANCE AMENDING SECTION 7.03, SUBDIVISION 1 OF THE CITY OF MOUNDS VIEW CHARTER PERTAINING TO THE CITY’S SYSTEM OF TAXATION THE CITY OF MOUNDS VIEW ORDAINS: Section 1. Background; findings; authority. 1.01. The city of Mounds View (“City”) is governed by a home rule charter (the “City Charter”), adopted pursuant to the Constitution of the State of Minnesota and Minnesota Statutes, chapter 410 (the “Act”). 1.02. The Mounds View Charter Commission has proposed the adoption of an amendment to section 7.03 of the City Charter (the “Amendment”) and recommended to the City Council that the Amendment be adopted by ordinance in the manner prescribed by section 410.12, subdivision 7 of the Act. 1.03. A public hearing on the Amendment was held on ______________, 2021 by the Mounds View City Council after published notice containing the text of the Amendment, as required by the Act, and all persons desiring to be heard with reference to the Amendment were heard at said public hearing. 1.04. The Mounds View City Council finds and determines that it is in the best interests of the City and its inhabitants that the Amendment be adopted. Section 2. Adoption; effective date; filing. 2.01. 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 not exceed the lesser of the following formulas; either the prior year tax levy dollar amount increased by a maximum of 5_____, or CPI (Consumer Price Index) plus 2% provided, however, that any increase by more than 5% of the prior year tax levy dollar amount shall require at least a four-fifths vote of the City 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. 2.02. This ordinance is effective ninety (90) days after its publication, except that if within sixty (60) days after publication a petition requesting a referendum on this ordinance, signed by the number of registered voters of the City required by the Act is filed with the City Clerk, this ordinance will not be effective until approved by 51% of the voters voting on the question of its adoption at an election called by the Council for that purpose.