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Res 2003- 76 Approving Tentative 2003 Levy for 2004CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION APPROVING TENTATIVE 2003 LEVY COLLECTIBLE IN 2004 WHEREAS, the State Tax Law requires the City of Mendota Heights to certify a tentative Tax Levy for the year 2003 prior to September 15, 2003; and WHEREAS, the Levy may be adjusted prior to December 26, 2003, to an amount not to exceed the adopted tentative levy. NOW THEREFORE BE IT RESOLVED that the City Council adopt the following tentative Levy for tax against all taxable property in the City of Mendota Heights for collection in the year 2004: 2004 Preliminary General Fund 3,190,655 Emergency Preparedness 1,000 Fire Relief 33,000 Infra Structure Reserve 50,000 Legal & Contingency Levy 60,000 Total General Levy $3,334,655 Less LGA 0 Net Levy General $3,334,655 Special Debt Levies PERA Increase $5,064 Equipment Certificates Park Bonds 300,000 Fr. Hills, Curley, Tillsen Highland Heights, Bunker Hills and Freeway Road Bonds 125,000 Total $430,064 Less HACA 0 Net Levy Debt Service $ 430,064 Net Tent. Levy Certified $3,764,719 BE IT FURTHER RESOLVED that the Levy shall be amended following budget hearings to reflect the adopted City Budget. BE IT FURTHER RESOLVED that the City Council hold a Truth in Taxation hearing tentatively set for Monday, December 1, 2003 at 7:30 o'clock P.M. for the purpose of considering the proposed budget and levy. The public is invited to attend the meeting. Adopted by the City Council of the City of Mendota Heights this 2nd day of September, 2003. CITY COUNCIL CITY OF MENDOTA HEIGHTS — 6114 Jo"13.11141u N 6aW ATTEST: Kafhleen M. Swanson City Clerk