HomeMy WebLinkAboutCC RES 07-084 RESOLUTION SETTING THE CITY OF ST. ANTHONY 2008 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE TRUTH IN TAXATION ACT Meeting Sheet
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Box: 31
Folder: RES 2007
Document: CC RES 07-084 RESOLUTION SETTING THE CIN OF ST.
ANTHONY 2008 TAX LEVY AND BUDGET IN COMPLIANCE WITH THE
TRUTH IN TAXATION ACT
CITY OF ST ANTHONY
• RESOLUTION 07-084
A RESOLUTION SETTING THE CITY OF ST. ANTHONY 2008 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 2008 tax levy and operating budget; and
WHEREAS, the City Council has reviewed the City Manager's 2008 tax levy and operating
budget;and
WHEREAS, the City of St. Anthony was not required to hold a Truth-in-Taxation public hearing;
and
WHEREAS, the City Manager presented the 2008 tax levy and operating budget to the City
Council at its regular meeting on December 11,2007; 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 2008 property tax levy is:
General Fund Property Tax Levy $ 2,796,900.00
Road Improvement Levy $ 968,030.77
Lease Revenue Bonds/Public Facilities $ 394,417.00
Housing&Redevelopment Authority Levy $ 110,500.00
Tax Abatement Levy - Central Park Bonds $ 27,740.00
PERA Rate Increase Levy $ 7,500.00
Total 2008 Tax Levy $4,305,087.77
2) The 2008 General Fund Budget totals$4,998,600.00
Adopted this 11 th day of December,2007
1V1 yor
ATTEST: Alaby
City Clerk
• Reviewed for administration:
City r