HomeMy WebLinkAboutResolution 7191RESOLUTION NO. 7191
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2008 Property Tax Levy
WHEREAS, the City Council has conducted numerous meetings and has made available
detailed copies of the proposed 2008 Budget; and
WHEREAS, the City Council held a public hearing on December 3, 2007 to take comment
on the proposed 2008 levy; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a
debt service levy of $188,576 to be collected in 2008; and
WHEREAS, when the Fire Improvement Bonds of 1991 were issued, the City's 2007 debt
service payment was scheduled to be $76,349, however, due to changes in the allocation
of costs between participating cities, Mounds View's actual 2008 debt service cost on said
bonds will be $59,719; and
WHEREAS, the Fire Improvement Bonds of 2005 were issued and require a debt service
levy of $98,651.46 to be collected in 2008.
NOW THEREFORE, BE IT RESOLVED by the City Cotancil of the City of Mounds View
that the following property tax levy for 2008 is hereby approved:
General levy $3,415,243
Fire Bonds of 1991 levy 59,719
Fire Bonds of 2005 levy 98,651
PERA rate increase levy 6,145
Police Referendum net tax capacity levy 70,000
Total General Fund 2008 property tax levy $3,649,758
G.O. Improvement Bonds of 2004 debt service levy 18$ 8,576
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 2008 property tax levy.
Said resolution was declared to have been duly passed and adopted this 10th day of
December, 2007.
Resolution 7191,
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R b Marty, Mayor
ATTEST:
Jim Ericson, Interim City Administrator
(SEAL}