Resolution - #09-12-277 - 12/08/2009

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Mayor Ramsey introduced the following resolution and moved for its adoption: RESOLUTION #09-12-277 RESOLUTION ADOPTING THE 2009, PAYABLE 2010, 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 2009, payable 2010, 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 $ 894,172 291,705 6300,022 $ 7,485,899 DEBT SERVICE LEVY CIP Bond Certificates of Indebtedness Lease Revenue Bonds 153,925 $ 405,891 496,615 $1,056,431 DRAINAGE DISTRICT LEVY Mississippi River Storm Water Sub Drainage District # 1 $43,348 TOTAL CERTIFIED LEVIES $ 8.585.678 2) That this final levy does not exceed the Proposed Levy adopted September 8, 2009. 3) That the City will not be levying the $354,314.63 related to the $4,225,000 GO Impr Bond. Per lP A Agreement with Anoka County, Anoka County is required to pay this directly to City. 4) That the City of Ramsey will not be levying the total $1,496,615 related to the Project Lease Revenue Bond for the Municipal Center. The City will levy $496,615 and fund the remainder debt payment with an intemalloan transfer fro,m the Sewer Utility Fund in the amount of $1,000,000. 5) 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 Monday, December 28, 2009.