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Res 2005-121 Approving Final 2005 Tax Levy/Budget for 2006CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 05-121 RESOLUTION APPROVING FINAL 2005 TAX LEVY COLLECTIBLE IN 2006 AND ADOPTING PROPOSED BUDGET FOR 2006 WHEREAS, the City has previously adopted a Tentative Tax Levy Resolution No. 05-77 which was subject to revision at the time of the public hearing; and WHEREAS, the City has conducted a public hearing on December 5, 2005 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 2006. Hg�.� General Fund $3,940,860 Emergency Prep. $ 5,000 Fire Relief $ 50,000 Infra Structure $ 50,000 Legal & Contingency $ 60,000 Equipment Reserve $ 25,000 Facility Reserve $ 50,000 Radio Escrow $ 125,000 General Levy Special Debt Levies Park Bonds $ 300,000 Improvement Bonds $ 262,200 PERA Increase $ 5,565 Total Special Levy $4,305,860 $ 567,765 Net Certified Levy $4,873,625 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 2006 Budget reflects $5,051,190 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 6th day of December, 2005. CITY COUNCIL CITY OF MENDOTA HEIGHTS By Jofil/. H6W or ATTEST: Katfileen M. Swanson City Clerk