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CITY OF ST ANTHONY <br />RESOLUTION No: 05-072 <br />A RESOLUTION SETTINGTHE CITY OF ST. ANTHONY 1'3RCP_OSED 2006 TAX LEVY <br />AND BUDGETIN COMPLIANCE WI'1'II 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 2006 tax levy <br />and budget; and <br />WHEREAS, the City Council discussed the proposed 2006 budgeting goals at its March 14, <br />2005, work session, held a Public Hearing on April 26, 2005 and further discussed <br />the 2006 budget and levy at its August Ist, 2005, work session; and <br />WHEREAS, the furnishing of this proposed tax levy and budget is made contingent upon any <br />revisions being allowed if the current law is modified; and <br />WItEREAS, the information required for the City Council to determine a definitive tax levy <br />will be determined when the City of St. Anthony holds its truth -in -taxation public <br />hearing on Monday, December 5th, 2005; and if necessary holds its rcconvouno <br />hearing on Monday, December 191h, 2005; <br />UOW, T HEREFORE, BE IT RESOLVED that: <br />1) The collectible 2006 proposed property tax levy is: <br />General Fund Property Tax Levy <br />$ 2,488,357.00 <br />Road Improvement Levy <br />$ 751,492.01 <br />Certificate of Indebtedness — Fire Truck <br />$ 88,100.00 <br />Lease Revenue Bonds/Public Facilities <br />$ 392,737.00 <br />Housing & Redevelopment Authority Levy <br />$ 55,500.00 <br />Tax Abatement Levy - Central Park Bonds <br />$ 29,271.00 <br />PERA Rate Increase Levy <br />S--7,500-0-0 <br />Total 2006 Proposed Tax Levy <br />$3,812,957.01 <br />2) The 2006 General Fund Proposed ,Budget totals $4,177,500 <br />Adopted this-1-3tday of-SSeptember, 2005 <br />ATTEST: <br />City Clerk <br />Reviewed for Administration: <br />Mayor <br />City ,Manager <br />911 <br />