HomeMy WebLinkAboutResolution 6974RESOLUTION NO. 6974
CITY OF 1VIOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2007 Property Tas Levy
WHEREAS, the City Council has conducted munerous meetings and has made available detailed
copies of the proposed 2007 Eittdget; and
WHEREAS, the City Council held a public hearing on December 4, 2006 to take commeirt on the
proposed 2007 levy; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service
levy of $188,576 to be collected in 2007; and
WHEREAS, when the Fire Improvement Bonds of 1991 were issued, the City's 2007 debt service
payment was scheduled to be $76,261, however, due to changes in the allocation of costs between
participating cities, Mounds View's actual 2007 debt service cost on said bonds will be $63,617; and
WHEREAS, the Fire Improvement Bonds of 2005 were issued and require a debt service levy of
• $97,710 to be collected in 2007.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that
the following property tax levy for 2007 is hereby approved:
General levy $ 3,412,286
Fire Bonds of 1991 levy 63,617
Fire Bonds of 200.5 levy 97'710
PERA rate increase levy 6,145
Police Referendum net tax capacity levy 70,000
Total General Fund 2006 property tax levy ~3 649,758
G.O. Improvement Bonds of 2004 debt service levy $188,576
Total Debt Service property tax levy 18_8 5_76
Total Property Tax Levy $' 8'8•'34
and the City Clerk-Administrator is hereby directed to notify Ramsey County and the State of
Minnesota of said 2007 property tax levy.
Said resolution was declared to have been duly passed and adopted this 1 lth day of December, 2006.
CJ
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Resolution 6974,
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ATTEST:
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Rob arty, Mayor
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Kurt Ulrich, City Administrator