HomeMy WebLinkAboutCC RES 04-078 RESOLUTION SETTING THE CITY OF ST. ANTHONY 2005 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT Meeting Sheet
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Box: 31
Folder: RES 2004
Document: CC RES O4-078 RESOLUTION SETTING THE CIN OF ST.
ANTHONY 2005 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE
TRUTH IN TAXATION ACT
CITY OF ST ANTHONY
• RESOLUTION 04-078
A RESOLUTION SETTING THE CITY OF ST. ANTHONY 2005 TAX LEVY
AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT
WHEREAS, State Law requires that the City of St. Anthony provide Hennepin
and Ramsey Counties with a certified 2005 Budget and Tax Levy; and
WHEREAS, the City Council has reviewed the City Manager's 2005 Budget and Tax Levy; and
WHEREAS, the City Council held a Truth in Taxation Public Hearing on November 30, 2004,
7:30 P.M. in its Council Chambers to discuss the tax levy with the residents of St.
Anthony; and
WHEREAS, the information required for the City Council to determine a definitive tax levy
has been collected.
NOW,THEREFORE,BE IT RESOLVED that:
1) The collectible 2005 property tax levy is:
• Property Tax Levy $2,488,357.00
• Road Improvement Levy $ 627,312.32
Certificate of Indebtedness—Fire Truck $ 89,600.00
Lease Revenue Bonds/Public Facilities $ 391,477.00
Housing&Redevelopment Authority Levy $ 55,500.00
Tax Abatement Levy - Central Park Bonds $ 30,013.00
PERA Rate Increase Levy % 7,500.00
Total 2005 Tax Levy $3,689.759.32
2) The 2005 General Fund Budget totals$3,969,000
Adopted thisJA day of December, 2004
ATTEST: &van7;,,W4QJy)—
Mayor
Pro-tem
City Cler /G �O���i tav
Reviewed for administration: Al
Ci anager