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Res 2014- 56 Proposed 2014 Levy Collectible 2015CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2014 — 56 RESOLUTION APPROVING PROPOSED 2014 LEVY COLLECTIBLE IN 2015 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2015 prior to September 30, 2014; and WHEREAS, the levy may be adjusted prior to December 29, 2014, 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 2015: 2015 Preliminary General Fund 5,711,992 Emergency Preparedness 25,000 Fire Relief 90,000 Infrastructure Reserve 20,000 Equipment Reserve 20,000 Legal & Contingency Levy 40,000 Net General Tax Levy $6,906,992 Special Debt Levies Improvement Bonds 737,029 Equipment Certificates 55,066 Net Levy Debt Service $ 792,095 Market Value Referendum Levy $ 267,887 Street Light District $ 33,000 Preliminary Levy Certified $6,999,974 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 will hold a hearing Tuesday, December 2, 2014 at 7:00 P.M. at their regularly scheduled council meeting for the purpose of considering the proposed budget and levy. The public is invited to attend the meeting and speak to the final budget and levy. Adopted by the City Council of the City of Mendota Heights this 16th day of September, 2014. CITY COUNCIL CITY OF MENDOTA HEIGHTS ndrg krebb!sbac4a-yor ATTEST Lorri Smith, City Clerk Res 2014-56 Page 2 of 2