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92-103 City of Chanhassen Carver and Hennepin Counties, Minnesota DATE: September 14, 1992 RESOLUTION NO: 92-103 MOTION BY: Workman SECONDED BY: Dimler A RESOLUTION ADOPTING THE 1993 BUDGET AND ESTABLISHING TAX LEVIES FOR 1992 WHEREAS, the State of Minnesota has mandated the Truth in Taxation process requiring cities to certify a proposed property tax levy by September 15 for the ensuing year tax collections; and WHEREAS, aforesaid "proposed" property tax levy must not be increased but may, in fact, be decreased in the forthcoming budget preparation and adoption process; and WHEREAS, said state mandated Truth in Taxation additionally requires cities to set this time, scheduled dates for public hearings to consider adoption of the ensuing year budget, giving consideration to the scheduling of said dates so as to not conflict with similar public hearings scheduled by the county and school district for the same purpose. NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen hereby certifies a proposed property tax levy for collection in 1993 of $3,645,000 which includes an operational levy of $2,633,000 and bonded debt levies of $1,012,000; and BE IT FURTHER RESOLVED that the maximum revenue and expenditures for 1993 are hereby set at $7,680,000 and $7,438,000, respectively. BE IT FURTHER RESOLVED that the City of Chanhassen hereby schedules the public hearing for consideration of the 1993 Budget and property tax levy to be held on Wednesday, December 9th at 7:30 p.m. in the Council Chambers of Chanhassen City Hall, 690 Coulter Drive and the Council will reconvene on Thursday, December 10th, if necessary. Passed and adopted by the Chanhassen City Council this 14th day of September, 1992. ATTEST: Don h, City Clerk/Manager YES Chmiel Dimler Mason Wing Workman NO None ABSENT None