Resolution - #07-12-328 - 12/11/2007

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Councilmember Jeffrey introduced the following resolution and moved for its adoption: RESOLUTION #07-12-328 RESOLUTION ADOPTING THE 2007, PAYABLE 2008, MUNICIPAL TAX LEVY NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: 1) That the following levies for assessed 2007, payable 2008, be levied upon the taxable property in said City of Ramsey, Anoka County, State of Minnesota for the following purposes: GENERAL LEVY Fund 101: General Fund - General Operations Fiscal Disparity Transfer (as certified) Collected as Property Tax - EDA Levy Collected as Property Tax - General Levy $ 883,064 393,375 6.727.274 $ 8,003,713 DEBT SERVICE LEVY CIP Bond Certificates of Indebtedness Lease Revenue Bonds 149,696 $ 409,354 453.062 $1,012,112 DRAINAGE DISTRICT LEVY Mississippi River Storm Water Sub Drainage District # 1 $43,348 TOTAL CERTIFIED LEVIES $ 9.059.173 2) That this final levy does not exceed the Proposed Levy adopted September 11, 2007. 3) That the City will not be levying the $354,372.38 related to the $4,225,000 GO Impr Bond. Per JP A Agreement with Anoka County, Anoka County is required to pay this directly to City. The City will be reducing the levy amount relating to the $19,200,000 Public Project Lease Revenue bond to $453,062 to reflect an internal funding transfer. Whereas, the levy scheduled for 2008 pertaining to the capital equipment certificates issued on 12/15/03 and 12/15/04 in the amounts of $172,200 and $77,542.50, respectively, will not be levied but internally funded. 4) That the City Administrator/Clerk be directed to transmit a certified copy of this resolution to the Anoka County Auditor's office on or before Thursday, December 28, 2007.