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Res 2009- 75 Approving Tentative 2009 LevyCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 09- 75 RESOLUTION APPROVING TENTATIVE 2009 LEVY COLLECTIBLE IN 2010 WHEREAS, the State Tax Law requires the City of Mendota Heights to certify a tentative Tax Levy for the year 2010 prior to September 15, 2009; and WHEREAS, the Levy may be adjusted prior to December 28, 2009, 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 2010: 2010 Preliminary General Fund 4,863,186 Emergency Preparedness 25,000 Fire Relief 43,200 Infra Structure Reserve 25,000 Equipment Reserve 20,000 Legal & Contingency Levy 50,000 Net General Tax Levy $5,026,386 Special Debt Levies Park Bonds 335,600 Equipment Certificates 60,000 Special Levy — Lost Aid 65,857 Improvements Bonds 442,533 Net Levy Debt Service $ 903,990 Market Value Referendum Levy $ 265,157 Net Tent. Levy Certified $6,195,533 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, 2009 at 7:00 o'clock 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 1 st day of September, 2009. CITY COUNCIL CITY OF MENDOTA HEIGHTS Ma Je n&/Schneeman Actidayor ATTEST: 26��� 12W Kafhleen M. Swanson City Clerk