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Res 2007-122 Approving Final 2007 Levy and 2008 BudgetCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 07-122 RESOLUTION APPROVING FINAL 2007 TAX LEVY COLLECTIBLE IN 2008 AND ADOPTING PROPOSED BUDGET FOR 2008 WHEREAS, the City has previously adopted a Tentative Tax Levy Resolution No. 07-93 which was subject to revision at the time of the public hearing; and WHEREAS, the City has conducted a public hearing on December 3, 2007 on the Tentative 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 2008. 2008 Final General Fund $4,499,750 Emergency Prep. $ 30,000 Fire Relief $ 60,000 Infra Structure $ 50,000 Legal & Contingency $ 60,000 Facility Reserve $ 50,000 General Levy $4,749,750 Special Debt Levies Park Bonds $ 314,000 Improvement Bonds $ 345,120 Total Special Levy $ 659,120 Market Value Referendum Levy $ 261,167 Net Certified Levy $5,670,037 BE IT FURTHER RESOLVED that the Budget as proposed is deemed to be practical and reasonable to maintain the City operations and is hereby approved. The 2008 Budget reflects $5,764,650 of revenues and expenses for the general fund. The Clerk is hereby instructed to transmit a certified copy of this Resolution to the Dakota County Treasurer-Auditor. Adopted by the City Council of the City of Mendota Heights this 4th day of December, 2007. 0 Kathleen M. Swanson City Clerk CITY COUNCIL CITY OF MENDOTA HEIGHTS