HomeMy WebLinkAboutCC RES 05-094 RESOLUTION SETTING THE CITY OF ST. ANTHONY 2006 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT Meeting Sheet
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104323
Box: 31
Folder: RES 2005
Document: CC RES OS-094 RESOLUTION SETTING THE CIN OF ST.
ANTHONY 2006 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE
TRUTH IN TAXATION ACT
CITY OF ST ANTHONY
• RESOLUTION 05-094
A RESOLUTION SETTING THE CITY OF ST. ANTHONY 2006 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 2006 tax levy and budget; and
WHEREAS, the City Council has reviewed the City Manager's 2006 Operating Budget and Tax
Levy; and
WHEREAS, the approval of the tax levy and budget was made contingent upon any revisions
being allowed if the current law is modified; and
WHEREAS, the General Fund levy is the same as the 2005 levy, and the approved levy is less
than Minnesota Department of Revenues requirement to hold a Truth-in-
Taxation public hearing; and
WHEREAS, the information required for the City Council to determine a definitive tax levy was
discussed at it December 13, 2005, Council Meeting.
• NOW,THEREFORE,BE IT RESOLVED that:
1) The collectible 2006 property tax levy is:
General Fund Property Tax Levy $ 2,488,357.00
Road Improvement Levy $ 751,492.01
Certificate of Indebtedness—Fire Truck $ 88,100.00
Lease Revenue Bonds/Public Facilities $ 392,737.00
Housing&Redevelopment Authority Levy $ 55,500.00
Tax Abatement Levy -Central Park Bonds $ 29,271.00
PERA Rate Increase Levy $ 7,500-00
Total 2006 Tax Levy $3,812,957.01
2) The 2006 General Fund Budget totals $4,177,500
Adopted this 13�-day of Derember, 2005
ayor
• ATTEST:
City Clerk
Reviewed for administration: '/
City Manager