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CITY OF ST ANTHONY <br /> 41 RESOLUTION 06-072 <br /> A RESOLUTION SETTING THE CITY OF ST. ANTHONY PROPOSED 2007 TAX LEVY <br /> AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT <br /> WHEREAS, State Law requires that the City of St. Anthony provide Hennepin <br /> and Ramsey Counties with a proposed certified 2007 tax levy <br /> and budget;and <br /> WHEREAS, the City Council discussed key financial strategies and budgeting goals at <br /> their January, 2006, goal setting session, held a Public Hearing on April 25, <br /> 2006 and further discussed the 2007 budget and levy at its August 8th, 2006, <br /> work session; and <br /> WHEREAS, the furnishing of this proposed tax levy and budget is made contingent <br /> upon any revisions being allowed if current law is modified; and <br /> WHEREAS, the information required for the City Council to determine a definitive tax <br /> levy will be determined when the City of St. Anthony holds its truth-in- <br /> taxation hearing on Monday, December 4t', 2006; and if necessary holds its <br /> reconvening hearing on Monday, December 11,2006; <br /> • <br /> NOW,THEREFORE, BE IT RESOLVED that: <br /> 1) The collectible 2007 proposed property tax levy is: <br /> General Fund Property Tax Levy $2,660,800.00 <br /> Road Improvement Levy $ 885,833.78 <br /> Certificate of Indebtedness - Fire Truck $ 91,500.00 <br /> Lease Revenue Bonds/Public Facilities $ 393,892.00 <br /> Housing& Redevelopment Authority Levy $ 55,500.00 <br /> Tax Abatement Levy-Central Park Bonds $ 28,506.00 <br /> PERA Rate Increase Levy $ 715..00 00 <br /> Total 2007 Proposed Tax Levy $4,123,531.78 <br /> 2) The 2007 General Fund Proposed Budget totals$4,521,700. <br /> Adopted this 12th day of September, 2006 <br /> Mayor <br /> ATTEST: <br /> • City Clerk <br /> Reviewed for administration: <br /> Assistant City Manage <br />