HomeMy WebLinkAboutResolution 8488 RESOLUTION NO. 8488
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2016 Property Tax Levy
WHEREAS, the City Council has conducted numerous meetings and has made available
detailed copies of the proposed 2016 Budget; and
WHEREAS, the City Council provided the public an opportunity to speak at the Truth in
Taxation meeting on December 7, 2015 to take comment on the proposed 2016 tax levy; and
WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was
scheduled to be $98,149, however due to changes in the allocation of costs between participating
cities, Mounds View's actual 2016 cost on said bonds will be $100,099; and
WHEREAS, when the Fire Equipment Certificates of 2011 were issued, the debt service was
scheduled to be $50,735, however due to changes in the allocation of costs between participating
cities, Mounds View's actual 2016 cost on said bonds will be $54,020.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following property tax levy for 2016 is hereby approved:
General Fund base levy $ 3,706,549
Fire Bonds of 2005 levy 100,099
Fire Equipment Certificates of 2011 levy 54,020
PERA rate increase levy 39,145
Police Referendum market value levy 194,000
Total General Fund property tax levy $ 4,093,813
Street Improvement Capital Projects Fund levy $ 300,000
Total Property Tax Levy $ 4,393.813
and the City Administrator is hereby directed to notify Ramsey County and the State of Minnesota of
said 2016 property tax levy.
Said resolution was declared to have been duly passed and adopted this 14th day of December, 2015.
,Jae Flaherty, ayor
ATTEST:
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James Ericson, City Administrator
(SEAL)