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Res 2005- 77 Approving Tentative 2005 Levy Collectible 2006) CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 05-77 RESOLUTION APPROVING TENTATIVE 2005 LEVY COLLECTIBLE IN 2006 WHEREAS, the State Tax Law requires the City of Mendota Heights to certify a tentative Tax Levy for the year 2006 prior to September 15, 2005; and WHEREAS, the Levy may be adjusted prior to December 28, 2005, 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 2006: General Fund Emergency Preparedness Fire Relief Infra Structure Reserve Facility Reserve Radio/Equip Reserve Equipment Reserve Legal & Contingency Levy Net General Tax Levy Special Debt Levies PERA Increase Park Bonds Improvements Bonds Net Levy Debt Service 2006 Preliminary 3,940,860 5,000 50,000 50,000 50,000 125,000 25,000 60,000 $4,305,860 $ 5,565 300,000 262,200 $ 567,765 Net Tent. Levy Certified $4,873,625 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 5, 2005 at 7:30 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 6th day of September, 2005. ATTEST: K thleen M. Swanson City Clerk CITY COUNCIL CITY OF MENDOTA HEIGHTS