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CITY OF LAKEVILLE
RESOLUTION. NO. o~-lss
RESOLUTIONADOPTING THE 2008 PRELIMINARY
Ti4X LEVY
.NOW THEREFORE, BE IT RESOLVED that the Preliminary Tax Levy
is hereby approved and adopted for the fiscal year ending December 31, 2008.
.Zoos
Tax Levy
General Levy $ 16,683,.556
Debt Service Levy
Capital Improvement Plan Bonds 2007 D -Police Station $ 811,198
Capital Improvement Plan Bonds 2004 A - CMF 784,869
HRA Ice Arena Lease Revenue Bonds 2006 254,739
Certificates of Indebtedness 1,555,914
Tax Increment Bonds 1999 B -Arts Center District 74,989
Park Refunding Bonds 2003 B 449,806
Improvement Bonds 1996 B 23,199
Improvement Bonds 2000 A 322,767
.Improvement Bonds 2001 A 27,500
Improvement Bonds 2007 F 296,575
Street Reconstruction Bonds 2003 A 1,061,733
Street Reconstruction Bonds 2005'A 237,363
Street Reconstruction. Bonds 2007 G' 436,406
Total Debt Service Levy 6,OOT,058
Total Tax Levy $ .22,690,614
BE IT FURTHER RESOLVED, that the Market Value Homestead Credit received from
from the State of Minnesota in 2008 shall be appropriated to the Certificates of Indebtedness
Debt Service Fund.
(continued)
RESOLUTIONADOPTING THE 2008 PRELIMINARY
• T.4X LEVY
BE IT FURTHER RESOLVED, that the 2008 Debt Service Levy of $6,007,058 is hereby
approved and adopted for the. fiscal year ending December 31, 2008 pursuant to Minnesota
Statute 475.61 as indicated on attached Schedule A.
APPROVED AND ADOPTED by the Lakeville City Council this 4th day of
September, .2007.
CI OF LAK MLLE
H Dah , yor
A' ST;
Charlene Friedges, Clerk
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