Resolution - #13-12-226 - 12/10/2013

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Councilmember Riley introduced the following resolution and moved for its adoption: RESOLUTION #13-12-226 RESOLUTION ADOPTING THE 2013, PAYABLE 2014, 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 2013, payable 2014, 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) $ 1,478,956 Collected as Property Tax – EDA Levy 121,783 Collected as Property Tax – General Levy 5,722,774 $ 7,323,513 DEBT SERVICE LEVY CIP Bond147,630 Capital Equipment Certificates 75,135 Lease Revenue Bonds 1,018,063 $1,240,828 TOTAL CERTIFIED LEVIES $ 8,564,341 2)That this final levy does not exceed the Proposed Levy adopted September 10, 2013. 3)That the City will not be levying the $338,979 related to the $3,090,000 GO Refunding Bond, Series 2011B, as per Joint Powers Agreement with Anoka County. Anoka County is required to pay directly to the City, this debt service amount. 4)That the City of Ramsey will not be levying the total $1,068,966 (105% of debt service) related to the GO Capital Improvement Plan Refunding Bonds for the Municipal Center. The City will levy at 100% of debt service or $1,018,063. 5)That the City Finance Director be directed to transmit a certified copy of this resolution to the Anoka County Auditor’s office on or before Friday, December 29, 2013. That the motion for the adoption of the foregoing resolution was duly seconded by Councilmember LeTourneau and upon vote being taken thereon, the following voted in favor: Mayor Strommen Councilmember Riley