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FC CASE # <br /> <br /> ADOPT RESOLUTION APPROVING PROPOSED 2002 PAYABLE TAX LEVY <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Proposed 2002 Payable Tax Levy <br /> <br />2. <br /> <br />Proposed Tax Levies: General Fund Levy <br /> General Fund Levy due to Aid Cuts <br /> Debt Service Levy - Lease Revenue Bond- (Fire Station #2) (Being Requested) <br /> Certificates of Indebtedness (2000 Cap Equip Cert) <br /> (Being Requested) <br /> Certificates of Indebtedness (2002 Cap Equip Cert) <br /> (Being Requested) <br /> Drainage District Levy (Mississippi Subdrainage) <br /> <br />$ 3,725,208 <br /> 628,057 <br /> 151,090 <br /> <br />75,637 <br /> <br />191,210 <br />43,348 <br /> <br />TOTAL PROPOSED LEVY - 2002 <br /> <br />$ 4 814 550 <br /> <br />The attached resolution, as it is presented, reflects a levy of $4,814,550. <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 Monday, September 17, 2001. <br />Therefore, the Council must make a decision at tonights meeting as to the amount of this levy. <br /> <br />Staff Recommendation: <br /> <br />Staff recommends Council approval of the City of Ramsey's payable 2002 proposed tax levy in <br />the amount of $4,814,550. <br /> <br />Committee Action: <br /> <br />Motion to recommend Council adopt Resolution #01-09-XX Approving the Proposed Maximum <br />2001, Payable 2002, Tax Levy. <br /> <br />Review Checklist: <br />City Administrator <br />Finance Officer <br /> <br />FC: 09/11/01 <br /> <br /> <br />