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<br />FCCASE# 5 <br /> <br />ADOPT RESOLUTION APPROVING PROPOSED 2007 PAYABLE TAX LEVY <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Proposed 2007 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 (2002 Cap Equip Cert) <br />(Being Requested) <br />Certificates ofIndebtedness (2003 Cap Equip Cert) <br />(Being Requested) <br />Certificates ofIndebtedness (2004 Cap Equip Cert) <br />(Being Requested) <br />Certificates ofIndebtedness (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 />$7,075,101 <br />393,375 <br /> <br />149,696 <br />67,216 <br /> <br />170,693 <br /> <br />79,270 <br /> <br />106,588 <br /> <br />189,256 <br /> <br />814,615 <br /> <br />Drainage District Levy (Mississippi Subdrainage) <br /> <br />43,348 <br /> <br />TOTAL PROPOSED LEVY - 2007 <br /> <br />$9.089.158 <br /> <br />The attached resolution, as it is presented, reflects a levy of$9,089,158. <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 staffs 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 Friday, September 15,2006. Therefore, <br />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 2007 public hearing to consider the 2006 budget and tax levy must be held <br />between November 29 and December 20, 2006, 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 />