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Agenda - Council - 12/09/2014
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Agenda - Council - 12/09/2014
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Meetings
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Agenda
Meeting Type
Council
Document Date
12/09/2014
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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #14-12-254 <br />RESOLUTION ADOPTING THE 2014, PAYABLE 2015, MUNICIPAL TAX LEVY <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br />1) That the following levies for assessed 2014, payable 2015, be levied upon the taxable <br />property in said City of Ramsey, Anoka County, State of Minnesota for the following <br />purposes: <br />GENERAL LEVY <br />Fund 101: General Fund - General Operations <br />Fiscal Disparity Transfer (as certified) <br />Collected as Property Tax — EDA Levy <br />Collected as Property Tax — General Levy <br />$ 1,545,678 <br />116,444 <br />6,375,892 <br />DEBT SERVICE LEVY <br />CIP Bond 147,630 <br />Capital Equipment Certificates 173,964 <br />Lease Revenue Bonds 1,048,213 <br />$ 8,038,014 <br />$1,369,807 <br />TOTAL CERTIFIED LEVIES $ 9.407.821 <br />2) That this final levy does not exceed the Proposed Levy adopted September 9, 2014. <br />3) That the City will not be levying the $338,874 related to the $3,090,000 GO Refunding <br />Bond, Series 2011B, as per Joint Powers Agreement with Anoka County. Anoka County <br />is required to pay directly to the City, this debt service amount. <br />4) That the City of Ramsey will not be levying the total $1,100,623 (105% of debt service) <br />related to the GO Capital Improvement Plan Refunding Bonds for the Municipal Center. <br />The City will levy at 100% of debt service or $1,048,213. <br />5) That the City Finance Director be directed to transmit a certified copy of this resolution to <br />the Anoka County Auditor's office on or before Monday, December 29, 2014. <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember and upon vote being taken thereon, the following voted in favor: <br />
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