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FC CASE <br /> <br />AI)OI'T RESOLUTION APPROVING PROPOSED 2006 PAYABLE TAX LEVY <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />I'roposcd 2006 Payable Tax Levy <br /> <br />Proposed Tax Levies: <br /> General Fund Levy <br /> EDA Levy (Included in General Levy) <br /> Debt Service Levy - CIP Bond- <br /> (Fire Station # 1) (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 /> Certificates of Indebtedness (2006 Cap Equip Cert) <br /> (Being Requested <br /> Debt Service Levy - Lease Revenue Bond- <br /> (Municipal Center) (Being Requested) <br /> <br />$ 6,311,701 <br /> 341,624 <br /> 152,342 <br /> <br /> 66,974 <br /> 173,948 <br /> 80,887 <br /> 102,300 <br /> <br />114,362 <br /> <br />Drainage District Levy (Mississippi Subdrainage) <br /> <br />43,348 <br /> <br />TOTAL PROPOSED LEVY- 2006 <br /> <br />$ 7,387,486 <br /> <br />Thc attached resolution, as it is presented, reflects a levy of $7,387,486. <br /> <br />While thc 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 bc adopted at tonight's meeting at the level proposed. <br /> <br />'l'hc proposed levy must be certified to Anoka County by Thursday, September 15, 2005. <br />q'hercfbro, 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 2006 public hearing to consider the 2006 budget and tax lew must be held <br />between November 29 and December 20, 2005, and the date of the initial hearing must not <br />con tlict with thc dates selected by the county, school districts or special taxing districts, although <br />thc continuation hearing may. We have received notice from Anoka County that the other <br />governmental units have set the following hearing dates: <br /> <br /> <br />