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Res 2008-57 Approving Tentative 2008 LevyCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 08-57 RESOLUTION APPROVING TENTATIVE 2008 LEVY COLLECTIBLE IN 2009 WHEREAS, the State Tax Law requires the City of Mendota Heights to certify a tentative Tax Levy for the year 2009 prior to September 15, 2008; and WHEREAS, the Levy may be adjusted prior to December 29, 2008, 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 2009: 2009 Preliminary General Fund 4,785,890 Emergency Preparedness 30,000 Fire Relief 57,200 Infra Structure Reserve 50,000 Legal & Contingency Levy 60,000 Net General Tax Levy $4,983,090 Special Debt Levies Park Bonds 320,000 Equipment Certificates 60,000 Improvements Bonds 465,176 Net Levy Debt Service $ 845,176 Market Value Referendum Levy $ 265,997 Net Tent. Levy Certified $6,094,263 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 hold a Truth in Taxation hearing tentatively set for Monday, December 1, 2008 at 7:00 o'clock P.M. for the purpose of considering the proposed budget and levy. The public is invited to attend the meeting. Adopted by the City Council of the City of Mendota Heights this 2nd day of September, 2008. ATTEST: KaWeen M. Swanson City Clerk CITY COUNCIL CITY OF MENDOTA HEIGHTS