HomeMy WebLinkAboutResolution 7370RESOLUTION NO. 7370
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Adopting the 2009 Property Tax Levy
WHEREAS, the City Council has conducted numerous meetings and has made available detailed
copies of the proposed 2009 Budget; and
WHEREAS, the City Council held a public hearing on December 1, 2008 to take comment on the
proposed 2009 levy; and
WHEREAS, General Obligation Improvement Bonds of 2004 were issued and require a debt service
levy of $187,928 to be collected in 2009; and
WHEREAS, when the Fire Improvement Bonds of 1991 were issued, the debt service was
scheduled to be $77,278, however, due to changes in the allocation of costs between participating
cities, Mounds View's actual 2009 cost on said bonds will be $63,372; and
WHEREAS, when the Fire Improvement Bonds of 2005 were issued, the debt service was
scheduled to be $98,444, however due to changes in the allocation of costs between participating
cities, Mounds View's actual 2009 cost on said bonds will be $95,523.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following property tax levy for 2009 is hereby approved:
General levy $ 3,210,748
Fire Bonds of 1991 levy 63,372
Fire Bonds of 2005 levy 95,523
PERA rate increase levy 26,822
Police Referendum net tax capacity levy 215,000
Total General Fund 2009 property tax levy $ 3,611,465
G.O. Improvement Bonds of 2004 debt service levy 187 928
Total Property Tax Levy 2009 3.799.393
and the City Clerk-Administrator is hereby directed to notify Ramsey County and the State of
Minnesota of said 2009 property tax levy.
Said resolution was declared to have been duly passed and dopted this 8th day of December,
2008.
a~
Rob Marty, Mayor
ATTEST:
Jim Ericson, City Clerk-Administrator
(SEAL)