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<br />RESOLUTION NO 05-074 <br /> <br />City of New Brighton <br />County of Ramsey <br />State of Minnesota <br /> <br />Resolution Adopting the Proposed Maximum Tax Levy for Taxes Payable in 2006 and <br />Setting the Dates for the Initial Truth in Taxation Hearing and Continuation Hearing <br /> <br />Whereas, the City has completed initial work on the 2006 - 2008 Strategic Plan, and <br /> <br />Whereas, the preliminary budget requires a proposed tax levy of$7,011,100 for taxes <br />payable in 2006, and <br /> <br />Whereas, the City is required to certify a proposed 2006 levy to Ramsey County on or <br />before September 15,2005, and <br /> <br />Whereas, the proposed tax levy is the maximum that will be levied for 2006; the final 2006 <br />tax levy adopted in December may remain at this level or be reduced, and <br /> <br />Whereas, there will be no specific tax levies in 2006 for debt; debt service requirements for <br />2006 will be met with other financing sources, and <br /> <br />Whereas, the City is required to set dates for its initial Truth in Taxation hearing and <br />Continuation hearing, if necessary. <br /> <br />Now Therefore Be It Resolved that: <br /> <br />1. The proposed maximum levy for taxes payable in 2006 shall be $7,011,100. <br /> <br />2. There will be no separate specific tax levies for debt in 2006. <br /> <br />4. A Truth in Taxation hearing will be held Monday, December 5th, at 7:30 p.m., and a <br />continuation hearing, if necessary, will be held December 13th at 7:30 p.m. <br /> <br />Adopted this 13th day of September, 2005 <br /> <br /> <br />ATTEST: <br /> <br />~/ <br />/fl~tl ~ Ma hewS. FultonManager <br /> <br />Daniel A. Maiers <br />Director of Finance and <br />Support Services/City Clerk <br /> <br />I:\COUNCIL\RESOLUTlONS\2005\Finance\Proposed 06 Max Levy Res.doc <br /> <br />