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2006-64 . . . CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: AU2Ust 28. 2006 RESOLUTION NO: 2006-64 MOTION BY: Peterson SECONDED BY: Tiornholm A RESOLUTION ADOPTING THE PRELIMINARY 2007 BUDGET, AND ESTABLISHING TRUTH IN TAXA TION TAX LEVIES FOR 2006, COLLECTIBLE IN 2007 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CHANHASSEN AS FOLLOWS: 1. That the 2007 Budget for the City of Chanhassen is adopted in the aggregate revenue and expenditure amounts for the General Fund of $ 9,123,400, which are detailed in the 2007 Preliminary Budget; and 2. That the total preliminary levy to be certified to Carver County by September 15, 2006 is $9,575,778; and 3. That the following sums of money have been scheduled as "Proposed Levy Certification" to fund operations of the general fund, capital replacement fund, MSA fund and debt service funds to be levied in 2006 for collection in 2007 upon the taxable property in the City of Chanhassen as shown in this resolution; and 4. That the City Council of the City of Chanhassen determines that certain bonded indebtedness levies are hereby adopted to meet current and future bond requirements and that the County Auditor is hereby authorized and directed to increase or reduce the previously adopted bonded debt levies as shown on the attached Tax Levy Certification document; and 5. That the Truth in Taxation hearing date will be set for December 4, 2006 and the budget and tax levy adoption will be set for December 11, 2006 as allowed by law; and 6. That the City of Chanhassen authorizes the County Auditor to certify the amounts as set forth in the attached Proposed Levy Certification document for purposes of preparing the Truth in Taxation notices. Passed and adopted by the Chanhassen City Council this 28th day of August, 2006. 7JJrII LS--LvI Todd Gerhardt, City Manager ~ A-_~ Thomas A. Furlong, Mayor YES NO ABSENT Furlong Peterson Tjomholm Lundquist None