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Res 2017- 77 Approve Proposed 2017 Levy Collectible 2018CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2017- 77 RESOLUTION APPROVING PROPOSED 2017 LEVY COLLECTIBLE IN 2018 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2018 prior to September 29, 2017; and WHEREAS, the levy may be adjusted prior to December 29, 2017, 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 2018: General Fund Emergency Preparedness Fire Relief Infrastructure/Facility Reserve Equipment Reserve Legal & Contingency Levy Net General Tax Levy Special Debt Levies Improvement Bonds Equipment Certificates Net Levy Debt Service 2018 Preliminary 7,045,437 25,000 144,000 20,000 33,000 40, 000 $ 7,307,437 913,604 74,450 $ 988,054 Market Value Referendum Levy $ 242,655 Street Light District Preliminary Levy Certifed $ 53,000 $ 8,591,146 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 5, 2017 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 19th day of September, 2017. CITY COUNCIL CITY OF MENDOTA HEIGHTS ���� Neil Garlock, Mayor ATTEST , � Lorri Smith, City Clerk Res 2017- 77 page 2 of 2