Resolution - #08-12-241 - 12/09/2008

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Councilmember Olson introduced the following resolution and moved for its adoption: RESOLUTION #08-12-241 "RESOLUTION ADOPTING THE 2008, PAYABLE 2009, MUNICIPAL TAX LEVY 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 levies for assessed 2008, payable 2009, 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 certified) Collected as Property Tax - EDA Levy Collected as Property Tax - General Levy $ 894,172 291,705 7.197,862 $ 8,383,739 DEBT SERVICE LEVY CIP Bond Certificates of Indebtedness Lease Revenue Bonds 152,024 $ 490,613 449.362 $1,091,999 DRAINAGE DISTRICT LEVY Mississippi River Storm Water Sub Drainage District # 1 $43,348 TOT AL CERTIFIED LEVIES $ 9,519,086 2) That this final levy does not exceed the Proposed Levy adopted September 8, 2008. 3) That the City will not be levying the $354,598.13 related to the $4,225,000 GO Impr" Bond. Per lPA Agreement with Anoka County, Anoka County is required to pay this directly to City. The City will be reducing the levy amount relating to the $19,200,000 Public Project Lease Revenue bond to $449,362 to reflect an internal funding transfer. 4) That the City Administrator/Clerk be directed to transmit a certified copy of this resolution to the Anoka County Auditor's office on or before Monday, December 29, 2008. That the' motion for the adoption of the foregoing resolution was duly seconded by Councilmember Strommen and upon vote being taken thereon, the following voted in favor: