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Resolution - #18-194 - 09/25/2018
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Resolution - #18-194 - 09/25/2018
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4/11/2025 11:58:02 AM
Creation date
9/26/2018 9:30:57 AM
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#18-194
Document Date
09/25/2018
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<br />Councilmember Shryock introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #18-194 <br /> <br />RESOLUTION APPROVING THE PROPOSED 2018, PAYABLE 2019 TAX LEVY AND <br />SCHEDULE BUDGET PUBLIC MEETING DATE <br /> <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 /> <br />1) That the following proposed levies for certified 2018, payable 2019, be levied upon the <br />taxable property in said City of Ramsey, Anoka County, State of Minnesota for the <br />following purposes: <br /> <br />GENERAL LEVY <br /> <br /> Fund 101: General Fund - General Operations <br /> Fiscal Disparity Transfer - as estimated $ 1,484,000 <br /> Collected as Property Tax EDA Levy 101,663 <br /> Collected as Property Tax General Levy 8,563,646 <br /> <br /> $10,149,309 <br />DEBT SERVICE LEVY <br /> <br /> CIP Bond – Municipal Center 1,136,613 <br /> CIP Bond – Fire Station #2 205,678 <br /> 2013 Equipment Certificates 77,267 <br /> 2015 GO Road Improvement Bonds 57,124 <br /> 2014 Equipment Certificates 100 ,853 <br /> 2016 GO Road Improvement Bonds 77,509 <br /> 2017 GO Road Improvement Bonds 46,597 <br /> 2018 GO Road Improvement Bonds 55,600 <br /> <br /> 1,757,241 <br /> <br /> <br /> <br />TOTAL PROPOSED LEVIES <br /> $ 11,906,550 <br /> <br /> <br />1)That the City of Ramsey will not be levying the $337,404 related to the $3,090,000 GO <br />Refunding Bond, Series 2011B, as per Joint Powers Agreement with Anoka County. <br />Anoka County is required to pay directly to the City, this debt service amount. <br /> <br /> <br />2)That the City of Ramsey will not be levying the total $1,193,443 (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 $1,136,613. <br /> <br /> <br />
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