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Res 2025-58 Approving Proposed 2025 Levy Collectible in 2026CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2025-58 RESOLUTION APPROVING PROPOSED 2025 LEVY COLLECTIBLE IN 2026 WHEREAS, the state law requires the City of Mendota Heights to certify a tentative tax levy for 2026 prior to September 30, 2025; and WHEREAS, the levy may be adjusted prior to December 30, 2025, 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 2026: 2026 Preliminary General Fund 11,163,849 Emergency Preparedness 255000 Fire Relief 288,000 Equipment Reserve 148,000 Oheyawahe 10,000 Legal & Contingency Levy 40,000 Net General Tax Levy $11,674,849 Special Debt Levies Improvement Bonds 1,590,900 Tax Abatement Bonds 170,108 Fire Station Levy 623,123 Equipment Certificates 132.773 Net Levy Debt Service $2,516,904 Street Light District 73,000 Preliminary Levy Certified $14,264,753 BE IT FURTHER RESOLVED that the debt levies for Series 2014B and 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 on Tuesday, December 2, 2025, 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 16th day of September 2025. CITY COUNCIL CITY OF MENDOTA HEIGHTS ZaLll I Stephan' B. Levine, ayor ATTEST °1 Nan y Ba er, City Clerk