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FC CASE <br /> <br />ADOPT RESOLUTION APPROVING PROPOSED 2005 PAYABLE TAX LEVY <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Proposed 2004 Payable Tax Levy <br /> <br />Proposed Tax Levies: <br /> General Fund Levy <br /> EDA Levy (Included in General Levy) <br /> Debt Service Levy - Lease Revenue Bond- (Fire Station #2) (Being Requested) <br /> Certificates of Indebtedness (2003 Cap Equip Cert) <br /> (Being Requested) <br /> Certificates of Indebtedness (2004 Cap Equip Cert) <br /> (Being Requested) <br /> Certificates of Indebtedness (2005 Cap Equip Cert) <br /> (Being Requested) <br /> <br />Drainage District Levy (Mississippi Subdrainage) <br /> <br />$ 5,324,482 <br /> 200,306 <br /> 152,649 <br /> <br /> 67,473 <br /> 171,218 <br /> 77,761 <br /> 43,348 <br /> <br />TOTAL PROPOSED LEVY - 2005 <br /> <br />$ 6,03T237 <br /> <br />The attached resolution, as it is presented, reflects a levy of $6,037,237. <br /> <br />While the proposed levy can always be reduced, it cannot be increased without "higher" level <br />approval through an appeals process. Therefore, it is staff's position that the maximum proposed <br />levy be adopted at tonight's meeting at the level proposed. <br /> <br />The proposed levy must be certified to Anoka County by Tuesday, September 15, 2004. <br />Therefore, the Council must make a decision at tonights meeting as to the amount of this levy. <br /> <br />Scheduling Budget Public Hearing Dates <br /> <br />The City of Ramsey's 2005 public hearing to consider the 2005 budget and tax levy must be held <br />between November 29 and December 20, 2004, and the date of the initial hearing must not <br />conflict with the dates selected by the county, school districts or special taxing districts, although <br />the continuation hearing may. We have received notice from Anoka County that the other <br />governmental units have set the following hearing dates: <br /> <br /> Taxing District <br />Anoka County <br /> <br /> Initial Hearing Date <br />Thursday, December 2, 2004 <br /> <br /> Reconvene Hearing Date <br />Monday, December 20, 2004 <br /> <br /> <br />