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RESOLUTION NO. 10150 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING THE PRELIMINARY PROPERTY TAX LEVY FOR FISCAL YEAR 2026 AND SETTING THE PUBLIC HEARING DATE WHEREAS, state statute requires cities to certify a preliminary tax levy to the county auditor; and WHEREAS, guidelines established by the Commissioner of Revenue require certification to occur on or before September 30, 2025; and WHEREAS, the City Council has elected to have a preliminary City levy (not including the EDA levy) increase of 9.20%; and WHEREAS, a referendum levy passed in 2004 for two additional police officers is set at $280,000 and a referendum levy passed in 2017 for one police officer is set at $140,000; and WHEREAS, the debt service tax levies have been adjusted or cancelled based on the City's review of its debt service levy requirements and the City will levy $415,600 (no change from the debt levy schedule); and WHEREAS, the street levy is set at $300,000 to meet the demands of continuing to improve and maintain the streets. NOW THEREFORE, BE IT RESOLVED, that the proposed sums of money be levied for collection in 2026 upon the taxable property in said City of Mounds View for the following purposes: 2025 2026 Increase/ % Levy Levy Decrease Change General Levy 6,173, 812 6,848,989 675,177 Referendum Levy 420,000 420,000 - GO Debt 418,288 415,600 (2,688) Capital (Streets) 300,000 300,000 - 7,312,100 7,984,589 672,489 9.20% BE IT FURTHER RESOLVED that the Truth -In -Taxation meeting will be held on December 1, 2025 at 6:00 pm with a continuation meeting to be held on December 8, 2025 at 6:00 pm if needed. BE IT FINALLY RESOLVED that the Finance Director shall certify these amounts to the Ramsey County Auditor. Adopted this 8t" Day of September 2025. Zach Lindstrom, Mayor (ATTEST) (SEAL) Nyle Zikmund, City Administrator The Mounds View Vision A Thriving Desirable Community