HomeMy WebLinkAboutResolution 5368
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Resolution 1'\0. 5368
CITY OF MOUNDS VIEW
County of Ramsey
State of Minnesota
A resolution authorizing a property tax rate increase for the year 2000 pursuant to State
Statutes.
WHEREAS, State Statutes require taxing jurisdictions to pass a resolution prior to October 201h if
they wish to have a tax rate increase as defined by the Statute over the previous year's tax rate;
WHEREAS, the preliminary budget provides for an increase in the tax levy of less than 1 % and
an increase in excess of 5% in the City's tax capacity;
WHEREAS, said Statutes formula for calculating an increase in the City's year 2000 property tax
rate indicated that there will be an increase; and
WHEREAS, the City considered this increase at a regularly scheduled City Council meeting which
meets the requirement of a public hearing as defined in said statute.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Mounds View,
Milmesota that said City does hereby authorize that the property tax rate for the year 2000 be
greater than that for the year 1999.
Adopted this 13th day of September, 1999.
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Clerk-Administrator