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Res 2018- 66 Approve Proposed 2018 Levy Collectible 2019CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2018-66 RESOLUTION APPROVING PROPOSED 2018 LEVY COLLECTIBLE IN 2019 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2019 prior to October 1, 2018; and WHEREAS, the levy may be adjusted prior to December 28, 2018, 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 2019: 2019 Preliminary General Fund 7,305,004 Emergency Preparedness 25,000 Fire Relief 162,000 Infrastructure/Facility Reserve 20,000 Equipment Reserve 33,000 Legal & Contingency Levy 40,000 Fire Station Remodel 519,932 Net General Tax Levy $8,104,936 Special Debt Levies Improvement Bonds Equipment Certificates 1,004,844 28,770 Net Levy Debt Service $1,033,614 Market Value Referendum Levy $243,600 Street Light District $53,000 Preliminary Levy Certified $9,435,150 BE IT FURTHER RESOLVED that the debt levy for Series 2009A has been reduced because sufficient funds exist in the debt service fund for payment of the debt levy. 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, 2018 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 17th day of September, 2018. CITY COUNCIL CITY OF MENDOTA HEIGHTS Neil Garlock, Mayor ATTEST Lorri Smith, City Clerk