HomeMy WebLinkAboutResolution 8177 RESOLUTION NO. 8177
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2014 Property Tax Levy
WHEREAS,the City Council has conducted numerous meetings and has made available detailed copies of
the proposed 2014 Budget; and
WHEREAS, the City Council provided the public an opportunity to speak at the Truth in Taxation meeting on
November 25, 2013 to take comment on the proposed 2014 tax levy; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service levy of
$191,798; and
WHEREAS,when the Fire Improvement Bonds of 2005 were issued,the debt service was scheduled to be
$97,931, however due to changes in the allocation of costs between participating cities, Mounds View's
actual 2014 cost on said bonds will be $101,129; and
WHEREAS, when the Fire Equipment Certificates of 2011 were issued, the debt service was scheduled to
be$51,043, however due to changes in the allocation of costs between participating cities, Mounds View's
actual 2014 cost on said bonds will be $55,219.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following
property tax levy for 2014 is hereby approved:
General Fund base levy $ 3,399,719
Fire Bonds of 2005 levy 101,129
Fire Equipment Certificates of 2011 levy 55,219
PERA rate increase levy 39,145
Police Referendum market value levy 178,000
Total General Fund property tax levy $ 3,773,212
G.O. Improvement Bonds of 2004 debt service levy $ 191,798
Street Improvement Capital Projects Fund levy $ 300,000
Total Property Tax Levy $ 4.265.010
and the City Administrator is hereby directed to notify Ramsey County and the State of Minnesota of said
2014 property tax levy.
Said resolution was declared to have been duly passed and adopted this 9th day of December, 2013.
J r= Flahertjior
ATTEST:
James Ericson, City Administrator
(SEAL)