HomeMy WebLinkAboutResolution 7534RESOLUTION NO. 7534
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2010 Property Tax Levy
WHEREAS, the City Council has conducted numerous meetings and has made available detailed
copies of the proposed 2010 Budget; and
WHEREAS, the City Council provided the public an opportunity to speak at the Truth in Taxation
council meeting on December 7, 2009 to take comment on the proposed 2010 tax levy; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service
levy of $189,558 to be collected in 2010; and
WHEREAS, when the Fire Improvement Bonds of 1997 were issued, the debt service was
scheduled to be $76,925, however, due to changes in the allocation of costs between participating
cities, Mounds View's actual 2010 cost on said bonds will be $60,362; and
WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was
scheduled to be $98,148, however due to changes in the allocation of costs between participating
cities, Mounds View's actual 2010 cost on said bonds will be $94,244.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following property tax levy for 2010 is hereby approved:
General Fund base levy
Fire Bonds of 1997 levy
Fire Bonds of 2005 levy
PERA rate increase levy
Police Referendum market value levy
Total General Fund 2010 property tax levy
G.O. Improvement Bonds of 2004 debt service levy
Street Improvement Capital Projects Fund
Total Property Tax Levy 2010
$ 3,212,525
60,362
94, 244
34, 704
208.000
$ 3.609.835
189 558
$ 300.000
4.099.393
and the City Clerk-Administrator is hereby directed to notify Ramsey County and the State of
Minnesota of said 2010 property tax levy.
Said resolution was declared to have been duly passed and adopted this 14th day of December,
2009.
~-
oe Fla r
ATTEST:
v ~ ~~~~~
Jim Ericson, City Clerk-Administrator
(SEAL)