Resolution - #12-09-135 - 09/11/2012

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Mayor Ramsey introduced the following resolution and moved for its adoption: RESOLUTION #12 -09 -135 RESOLUTION APPROVING THE PROPOSED 2012, PAYABLE 2013, TAX LEVY AND SCHEDULE BUDGET PUBLIC MEETING DATE 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 proposed levies for certified 2012, payable 2013, 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 estimated $ 1,330,000 Collected as Property Tax EDA Levy 104,466 Collected as Property Tax General Levy 5,918,829 DEBT SERVICE LEVY CIP Bond — Municipal Center 492,629 CIP Bond — Fire Station #1 152,289 Mayor Ramsey TOTAL PROPOSED LEVIES 644,918 169,853 EDA 9/6/12 $7,353,295 $7,418,682 $ 7,998,213 $8,063,600 2) That the City of Ramsey will not be levying the $356,121 related to the $4,225,000 GO Improvement Bond, Series 2005B, as per Joint Powers Agreement with Anoka County. Anoka County is required to pay directly to the City, this debt service amount. 3) That the City of Ramsey will not be levying the total $1,035,891 related to the GO Capital Improvement Plan Refunding Bonds for the Municipal Center. The City will levy $492,629 and fund the remaining debt payment with the funds encumbered from the savings of the refinancing of the original 2005 debt issue. 3) That the City of Ramsey's 2012 Public Budget Meeting is scheduled for Tuesday, December 11, 2012 at 7:00 p.m. 4) That the City Clerk be directed to transmit a certified copy of this resolution to the Anoka County Auditor's Office on or before Monday, September 17, 2012. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Wise and upon vote being taken thereon, the following voted in favor thereof: