Resolution - #16-09-168 - 09/27/2016

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Councilmember Shryock introduced the following resolution and moved for its adoption: RESOLUTION #16-09-168 RESOLUTION APPROVING THE PROPOSED 2016, PAYABLE 2017 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 2016, payable 2017, 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 $ 1,268,000 Collected as Property Tax EDA Levy 103,981 Collected as Property Tax General Levy 7,402,635 DEBT SERVICE LEVY CIP Bond — Municipal Center 1,098,813 CIP Bond — Fire Station #2 157,463 2013 Equipment Certificates 73,875 2014 GO Road Improvement Bonds 119,078 2014 Equipment Certificates 102,905 2015 GO Road Improvement Bonds 152,308 $8,774,616 1,704,442 TOTAL PROPOSED LEVIES $ 10,479,058 2) That the City of Ramsey will not be levying the $338,349 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. 3) That the City of Ramsey will not be levying the total $1,153,753 (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 $1,098,813. 4) That the City of Ramsey will not be levying the total $282,463 related to the $3,880,000 GO Capital Improvement Plan Bonds for Fire Station II. The City will levy $157,463 and. fund the other $125,000 from remaining bond proceeds from the project.