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Res 2024-74 2024 LevyCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-74 RESOLUTION APPROVING FINAL 2024 LEVY COLLECTIBLE IN 2025 AND ADOPTING PROPOSED BUDGET FOR 2025 WHEREAS, the City has previously adopted a preliminary tax levy resolution 2024-51; and WHEREAS, the city will accept public comments on December 3, 2024 on the proposed budget and tax levy. NOW, THEREFORE, BE IT RESOLVED, that the City Council adopt the following levy for tax against all taxable property in the City of Mendota Heights for collection in the year 2025: 2025 Final General Fund 10,617,020 Emergency Preparedness 25,000 Fire Relief 2705000 Equipment Reserve 180,000 Oheyawahe 20,000 Legal & Contingency Levy 4Q 000 Net General Tax Levy $11,152,020 Special Debt Levies Improvement Bonds 1,418,633 Tax Abatement Bonds 173,097 Fire Station Levy 620,393 Equipment Certificates 1361238 Net Levy Debt Service $2,348,361 Street Light District 93,000 Preliminary Levy Certified $13,593,381 BE IT FURTHER RESOLVED that the debt levy for Series 2020A and 2024A 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 budget as proposed is deemed to be practical and reasonable to maintain city operations and is hereby approved. The 2025 budget reflects $20,274,148 of expenses for all funds. The 5-year capital improvement plan is presented as part of the 2025 final budget document. The clerk is hereby instructed to transmit a certified copy of this resolufion to the Dakota County Treasurer — Auditor. Adopted by the City Council of the City of Mendota Heights this 3rd day of December 2024. CITY COUNCIL CITY OF MENDOTA HEIGHTS 4 n Stephanie B. Levine, Mayor ATTEST Na cy B uer, City Clerk