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RESOLUTION NO. 9980 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />Resolution Approving the Preliminary Property Tax Levy for Fiscal Year 2025 <br />and Setting the Public Hearing Date <br />WHEREAS, state statute requires cities to certify a preliminary tax levy to the county auditor; and <br />WHEREAS, guidelines established by the Commissioner of Revenue require certification to occur <br />on or before September 30, 2024; and <br />WHEREAS, the City Council has elected to have a preliminary City levy (not including the EDA levy) <br />increase of 9.13% and; <br />WHEREAS, a referendum levy passed in 2004 for two additional police officers is set at $280,000 <br />and a referendum levy passed in 2017 for one police officer is set at $140,000; and <br />WHEREAS, the debt service tax levies have been adjusted or cancelled based on the City's review <br />of its debt service levy requirements and the City will levy $507,928 (a reduction of $3.20 from the debt levy <br />schedule); and <br />WHEREAS, the street levy is increasing by $150,000 to $300,000 to meet the demands of continuing <br />to improve and maintain the streets. <br />NOW THEREFORE, BE IT RESOLVED that the proposed sums of money be levied for collection in <br />2025 upon the taxable property in said City of Mounds View for the following purposes: <br />2024 <br />2025 <br />Increase/ <br />% <br />Levy <br />Levy <br />Decrease <br />Change <br />General Levy <br />5,744,565 <br />6,176,296 <br />431,731 <br />7.52% <br />Referendum Levy <br />385,000 <br />420,000 <br />35,000 <br />9.09% <br />Fire Debt <br />88,910 <br />89,640 <br />730 <br />0.82% <br />GO Debt <br />416,293 <br />418,288 <br />1,995 <br />0.48% <br />Capital (Streets) <br />150,000 <br />300,000 <br />150,000 <br />100.00% <br />6,784,768 <br />7,404,224 <br />619,456 <br />9.13% <br />BE IT FURTHER RESOLVED that the Truth -In -Taxation meeting will be held on December 2, 2024 <br />at 6:00 pm with a continuation meeting to be held on December 9, 2024 at 6:00 pm if needed. <br />BE IT FURTHER RESOLVED that the Finance Director shall certify these amounts to the Ramsey <br />County Auditor. <br />Adopted this 9th Day of September 2024. �,-- <br />(ATTEST) <br />(SEAL) <br />00 <br />ach Lindstrom, Mayor <br />J, <br />Nyl ikm nd, 6ity Administrator <br />The Mounds View Vision <br />A Thriving Desirable Community <br />