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<br />$479,900 of capital outlay to be funded \Vitll equipment certificates. IVlore detail on the amount of <br />additional tax rev'enue based on 'various NTC increases is attached. <br /> <br />Attachments <br />. Prelitninary Le'v-y and Tax Rate Data <br />. History of Property \1 alue and Property Tax Data <br />. Resolution .L~uthorizing the Proposed Property Tax Levy for Collection in 2007 (Fi\re resolutions <br />based on increases in net tax capacity of eigllt, nine, ten, eleven, and t\vel\re percent and one <br />resolution based on Sherburne County's estimated increase of 12.9 percent.) <br />. Resolution i\pprO\Ting tile Housing and Redevelopment .L~uthority 2007 Tax Le-v'y <br />. Resolution .t\.ppro\Ting the 2007 Tax Lev)T for tlle Economic De\Telopment purposes for tIle Elk <br />Ri~ler Economic De\TeIoplnent .L'\utllority. <br />. Proposed Sources of Re\Tenue Surmnary (based on eigIlt percent NTC increase) <br />. Proposed .L~ppropriations SUlrunal1T (Does not include changes noted abo\ie. TIllS \vill be re\Tised <br />for the TNT 11earing based on tlle cllanges resulting.from tlle proposed tax levy appro\Ted on <br />Septelnber 11.) <br /> <br />The proposed budget \vas distributed \'vith tlle September 5 packet. If you need anotller copy, please <br />contact City Hall. <br /> <br />Action Requested <br />.L~dopt tlle follo\ving resolutions: <br />. Resolution .L'\utllOl1.Zing tlle Proposed Property Tax Lev'y for Collection in 2007. <br />. Resolution .L~pproving tlle Housing and Rede'velopment .L~udlority 2007 Tax Levy <br />. Resolution j\pprov'ing the 2007 Tax Levy for dle Economic De\Telopment Purposes for tlle Elk <br />River Econolmc De\Telopment j\.uthority. <br /> <br />By 1:1otion, set tlle Tludl-in-Taxation Ilearing for Iv1onday, December 4, 2006, at 6:30 \vidl tlle <br />continuation hearing for Ivlonday, Decelnber 11, 2006, at 6:30. <br /> <br />Council Action <br /> <br />l\fotion by _ <br /> <br />Second by <br /> <br />\Tote <br /> <br />Follow Up <br /> <br />S:\Council\Lori\200G\Levy {"lemo Sept l1.doc <br />