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Res 2020- 60 Approve Proposed 2020 Levy Collectible 2021CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2020-60 RESOLUTION APPROVING PROPOSED 2020 LEVY COLLECTIBLE IN 2021 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2021 prior to September 30, 2020; and WHEREAS, the levy may be adjusted prior to December 28, 2020, 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 2021: 2021 Preliminary General Fund 8,014,118 Emergency Preparedness 25,000 Fire Relief 180,000 Legal & Contingency Levy 40,000 Net General Tax Levy $8,259,118 Special Debt Levies Improvement Bonds 1,273,037 Fire Station Levy 624,173 Equipment Certificates 28,114 Net Levy Debt Service $1,925,324 Market Value Referendum Levy $245,175 Street Light District $53,000 Preliminary Levy Certified $10,482,617 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 1, 2020 at 6:00 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 15th day of September, 2020. CITY COUNCIL CITY OF MENDOTA HEIGHTS 1--LaCQ0 Neil Garlock, Mayor ATTEST V��&-Jo - Lorri Smith, City Clerk Res 2020-60 Approve Proposed 2020 Levy Collectible in 2021 page 2 oft