Resolution - #07-09-236 - 09/11/2007

Home

Councilmember Elvig introduced the following resolution and moved for its adoption: RESOLUTION #07-09-236 RESOLUTION APPROVING THE PROPOSED 2007, PAYABLE 2008, TAX LEVY AND SCHEDULE BUDGET PUBLIC HEARING DATES NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: 1) That the following proposed levies for certified 2007, payable 2008, be levied upon the taxable property in said City of Ramsey, Anoka County, State of Minnesota for the following purposes: GENERAL LEVY Fund 101: General Fund - General Operations Fiscal Disparity Transfer - as estimated Collected as Property Tax EDA Levy Collected as Property Tax General Levy $ 730,000 393,375 6.880.338 $8,003,713 DEBT SERVICE LEVY Lease Revenue Bond (collected as property tax): Municipal Center Certificates of Indebtedness CIP Bond - Fire Station #1 453,062 409,354 149,696 1,012,112 DRAINAGE DISTRICT LEVY Mississippi River Stormwater Subdrainage District 43,348 TOTAL PROPOSED LEVIES $9.059.173 2) That the City of Ramsey will not be levying the $354,372.38 related to the $4,225,000 GO Improvement Bond, Series 2005B, as per Joint Powers Agreement with Anoka County. Anoka County is required to pay directly to the City, this debt service amount. 3) That the City of Ramsey will not be levying $172,200 and $77,542.50 related to Certificates of Indebtedness 2003 and 2004 respectively. These certificates will be funded via transfer in the amount of $249,743 from the Equipment Revolving Fund to cover the debt service payments.