Laserfiche WebLink
EXHIBIT A <br />ORDINANCE NO. ___ <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />AN ORDINANCE AMENDING SECTION 7.03, SUBDIVISION 1 OF THE CITY OF MOUNDS <br />VIEW CHARTER PERTAINING TO THE CITY’S SYSTEM OF TAXATION <br />THE CITY OF MOUNDS VIEW ORDAINS: <br />Section 1. Background; findings; authority. <br />1.01. The city of Mounds View (“City”) is governed by a home rule charter (the “City Charter”), adopted <br />pursuant to the Constitution of the State of Minnesota and Minnesota Statutes, chapter 410 (the “Act”). <br />1.02. The Mounds View Charter Commission has proposed the adoption of an amendment to section 7.03 <br />of the City Charter (the “Amendment”) and recommended to the City Council that the Amendment be <br />adopted by ordinance in the manner prescribed by section 410.12, subdivision 7 of the Act. <br />1.03. A public hearing on the Amendment was held on ______________, 2021 by the Mounds View City <br />Council after published notice containing the text of the Amendment, as required by the Act, and all persons <br />desiring to be heard with reference to the Amendment were heard at said public hearing. <br />1.04. The Mounds View City Council finds and determines that it is in the best interests of the City and its <br />inhabitants that the Amendment be adopted. <br />Section 2. Adoption; effective date; filing. <br />2.01. Section 7.03, subdivision 1 of the Mounds View City Charter is hereby amended by adding the <br />double-underlined language and deleting the stricken language as follows: <br />Subdivision 1. The City's annual resolution to levy ad valorem taxes (raising money against real and <br />personal property) shall adhere to the following formula: not exceed the lesser of the following formulas; <br />either the tax levy dollar amount may be increased up to 6.5% over the prior year tax levy dollar amount <br />increased by a maximum of 5%; or CPI (Consumer Price Index) plus 2%, except in the following <br />circumstances: <br />A) The tax levy dollar amount may be increased an additional 2.5%, to a total of 9%, over the prior <br />year tax levy dollar amount by an affirmative vote of four or more members of the Council. <br />B) The tax levy dollar amount may be increased to Consumer Price Index (CPI) plus 2.5%, if CPI <br />exceeds 6.5%, by an affirmative vote of four members of the Council. The CPI shall be the 12 <br />month average of the most recently published data for all Urban Consumers in the Minneapolis, <br />St. Paul metropolitan area, as defined by the U.S. Department of Labor, Bureau of Labor <br />Statistics.