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98-83 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: September 14~ 1998 RESOLUTION NO: 98-83 MOTION BY: Mason SECONDED BY: Berquist A RESOLUTION ESTABLISHING TAX LEVIES FOR 1998 AND SETTING TRUTH IN TAXATION HEARING DATE WHEREAS, the State of Minnesota has mandated the Truth in Taxation process requiring cities to certify a proposed property tax levy by September 15, 1998 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, at 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 hearing 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 gross property tax levy for collection in 1999 of $6,927,364 reduced by anticipated Homestead and Agriculture Credit Aid (HACA) of $796,536 producing a net property tax levy for collection in 1999 of $6,130,828; and BE IT FURTHER RESOLVED that the City of Chanhassen hereby schedules the Truth in Taxation hearing for consideration of the 1999 Budget and property tax levy to be held on Monday, December 7, 1998 at 7:00 p.m. in the Council Chambers of Chanhassen City Hall, 690 City Center Drive and the Council will reconvene on Monday, December 14, 1998, if necessary. Final action and adoption of the 1999 Budget will occur on Monday, December 4, 1998 at 6:30 p.m. Passed and adopted by the Chanhassen City Council this 14th day of September, 1998. ATTEST: Don Ashworth, City Clerk/Manager Nancy K. Mancino, Mayor YES NO ABSENT Mancino Engel Senn Berquist Mason None None