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> > 250,750 <br />> > 949.80 This would be the approximate annual increase <br />> > of an 8% levy increase based on 2021 values <br />> > 49.73 <br />> > Yr 1 49.73 <br />> > Yr 2 53.71 <br />>> Yr 3 58.01 <br />> > Yr 4 62.65 <br />>> Yr 5 67.66 <br />>> Yr 6 73.07 <br />> > Yr 7 78.92 <br />>> Yr 8 85.23 <br />> > Yr 9 92.05 <br />> > Yr 10 99.41 <br />> > 720.42 <br />> > REMINDER: CITY HALL HOURS M-TH 7AM TO SPM, CLOSED FRIDAY <br />> > Mark Beer, CPA <br />> > Finance Director <br />> > 763.717.4011 w 1763.717.4019 f <br />> > City of Mounds View <br />> > 2401 Mounds View Boulevard <br />> > Mounds View I MN 155112 <br />> > mark.beer@moundsviewmn.org <br />> > www.moundsviewmn.org <br />> > -----Original Message----- <br />* > From: Brian A [mailto:bvamundsen@yahoo.com] <br />> > Sent: Tuesday, April 27, 20219:34 AM <br />> > To: Mark Beer <mark.beer@moundsviewmn.org> <br />> > Subject: Re: A couple of follow-up questions to the taxation and a <br />> > request for packet information. <br />> > Caution: This email originated outside our organization; please use <br />> > caution. <br />> > Mark, thanks for responding, but something is wrong with the <br />> > calculation. What amount did you used for a starting and how many <br />> > years? The calculation is simple compounding interest at 8%. After <br />> > 9 years, with 8% compounding, the original amount is doubled. Even <br />> > 7% compounding doubles the original amount in 10 years. <br />> > As to what is realistic. The language suggested was "the greater of <br />> > 8% or CPI". Additionally, the Council strategic statements indicate <br />3 <br />