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Res 2024-51 Approving Proposed 2024 LevyCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-51 RESOLUTION APPROVING PROPOSED 2024 LEVY COLLECTIBLE IN 2025 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2025 prior to September 30, 2024; and WHEREAS, the levy maybe adjusted prior to December 30, 2024, 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 2025: 2025 Preliminary General Fluid 10,706,632 Emergency Preparedness 25,000 Fire Relief 27000 Equipment Reserve 180,000 Oheyawahe 2000 Legal & Contingency Levy 40,000 Net General Tax Levy $ll,241,632 Special Debt Levies Improvement Bonds 1,418,633 Tax Abatement Bonds 173,097 Fire Station Levy 620,393 Equipment Certificates 136,238 Net Levy Debt Service $2,348,361 Street Light District 93,000 Preliminary Levy Certified $13,682,993 BE JUL FURTHER RESOLVED that the debt levy for Series 2020A have been reduced because sufficient funds exist in the debt service fund for the payment of the debt service 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 3, 2024 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, 2024. CITY COUNCH, CITY OF MENDOTA HEIGHTS ATTEST Na i cy Ba r, City Clerk