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Res 2012- 75 Approve Proposed 2012 LevyCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2012-75 RESOLUTION APPROVING PROPOSED 2012 LEVY COLLECTIBLE IN 2013 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2013 prior to September 15, 2012; and WHEREAS, the levy may be adjusted prior to December 28, 2012, 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 2013: 2013 Preliminary General Fund 5,331,402 Emergency Preparedness 25,000 Fire Relief 68,000 Infrastructure Reserve 20,000 Equipment Reserve 20,000 Legal & Contingency Levy 40,000 Net General Tax Levy $5,604,402 Special Debt Levies Improvement Bonds 545,471 Equipment Certificates 52,059 Net Levy Debt Service $ 597,530 Market Value Referendum Levy $ 266,627 Street Light District $ 48,000 Preliminary Levy Certified $6,416,659 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 4, 2012 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 4th day of September, 2012. CITY COUNCIL CITY OF MENDOTA HEIGHTS Sandra KregEbaci),4ayor ATTEST oyo--� I ;Vil-s Lord Smith, City Clerk Res. 2012-75 Page 2