HomeMy WebLinkAboutResolution 6687RESOLUTION NO. 66$7
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
.Adopting the 2006 Property Tax Levy
WHEREAS, the City Council conducted numerous meetings and made available detailed copies of
the proposed 2006 Budget; and
WHEREAS, the City Council held a public hearing in accordance with the State of Minnesota Truth
In Taxation requirements on the proposed 2006 Budget on December 5, 2005; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service
levy of $190,678 to be collected in 2006; and
WHEREAS, when the Fire Improvement Bonds of 1991 were issued, the City's 2006 debt service
payment was scheduled to be $76,545, however, due to changes in the allocation of costs between
participating cities, Mounds View's actua12006 debt service cost on said bonds will be $62,029; and
WHEREAS, the City of Blaine has sold Equipment Certificates of Indebtedness, Series 2003A and
the City of Mounds View's share of the 2006 debt service payment will be $2,485.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that
the following properly tax levy for 2006 is hereby approved:
General levy $3,506,997
Fire Bonds of 1991 levy 62,029
Fire Equipment Cert. of 2003 levy 2,485
PERA rate increase levy 6,145
Police Referendum net tax capacity levy 70,000
Total General Fund 2006 property tax levy 3 47 656
G.O. Improvement Bonds of 2004 debt service levy $190,678
Total Debt Service property tax levy $? 90
Total Property Tax Levy 3 838 334
and the City Clerk-Administrator is hereby directed to notify Ramsey County and the State of
Minnesota of said 2006 property tax levy.
Said resolution was declared to have been duly passed and adopted this 12th day of December, 2005.
C~
Resolution 6687,
Page 2
ATTEST:
(SEAL}
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Ro Marty, ayor
Ge
hurt Ulrich, City Administrator