HomeMy WebLinkAboutResolution 7866 RESOLUTION NO. 7866
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2012 Property Tax Levy
WHEREAS, the City Council has conducted numerous meetings and has made available detailed
copies of the proposed 2012 Budget; and
WHEREAS, the City Council provided the public an opportunity to speak at the Truth in Taxation
council meeting on December 5, 2011 to take comment on the proposed 2012 tax levy; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service
levy of$190,892 to be collected in 2012; and
WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was
scheduled to be $98,197, however due to changes in the allocation of costs between participating
cities, Mounds View's actual 2012 cost on said bonds will be $93,734.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following property tax levy for 2012 is hereby approved:
General Fund base levy $ 3,367,610
Fire Bonds of 2005 levy 93,734
PERA rate increase levy 39,145
Police Referendum market value levy 190,000
Total General Fund 2012 property tax levy $ 3,690,489
G.O. Improvement Bonds of 2004 debt service levy $ 190,892
Street Improvement Capital Projects Fund $ 300,000
Total Property Tax Levy 2012 $4 181 X81
and the City Administrator is hereby directed to notify Ramsey County and the State of Minnesota of
said 2012 property tax levy.
Said resolution was declared to have been duly passed and adopted this 12th day of December,
2011.
Sep
Joelr-lahe r
ATTEST:
Jim Ericson, City Administrator
(SEAL)