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Res 2002- 49 Approving Tentative 2002 Levy for 2003CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 02-49 RESOLUTION APPROVING TENTATIVE 2002 LEVY COLLECTIBLE IN 2003 WHEREAS, the 2000 State Tax Law requires the City of Mendota Heights to certify a tentative Tax Levy for the year 2003 prior to September 15, 2002; and WHEREAS, the Levy may be adjusted prior to December 24, 2002, 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 2002: 2003 Preliminary General Fund 3,120,707 Emergency Preparedness 2,000 Fire Relief 34,000 Infra Structure Reserve 50,000 Legal & Contingency Levy 60,000 Total General Levy $3,266,707 Less LGA 13,302 Net Levy General $3,253,405 Special Debt Levies PERA Increase $5,042 Equipment Certificates Park Bonds 300,000 Fr. Hills, Curley, Tillsen Highland Heights and Bunker Hills Bonds 125,000 Total $430,042 Less HACA 1 0 Net Levy Debt Service $ 430,042 Net Tent. Levy Certified $3,683,447 Preliminary Levy Increase Final Levy 02 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 2, 2002 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 4th day of September, 2002. CITY COUNCIL CITY OF MENDOTA HEIGHTS Charles E. Mertensotto Mayor ATTEST: W.Tilees 1-4. Swanson City Clerk