Resolution - #15-12-294 - 12/08/2015

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Councilmember Shryock introduced the following resolution and moved for its adoption: RESOLUTION #15-12-294 RESOLUTION ADOPTING THE 2015, PAYABLE 2016, 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 2015, payable 2016, 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) $ 1,477,512 Collected as Property Tax — EDA Levy 73,618 Collected as Property Tax — General Levy 6,810,209 $ 8,361,339 DEBT SERVICE LEVY CIP Bonds (Fire #1 & Fire #2) 256,633 Capital Equipment Certificates 177,946 Road Reconstruction Bond 103,144 Lease Revenue Bonds 1,072,013 $1,609,736 TOTAL CERTIFIED LEVIES $ 9,971,075 2) That this final levy does not exceed the Proposed Levy adopted September 8, 2015. 3) That the City will not be levying the $338,664 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 $1,125,613 (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 $1,072,013. 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 Monday, December 28, 2015.