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2006-92 . . . CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 11, 2006 RESOLUTION NO: 2006-92 MOTION BY: Peterson SECONDED BY: LundQuist A RESOLUTION ADOPTING THE 2007 BUDGET AND ESTABLISHING TAX LEVIES FOR 2006, COLLECTIBLE IN 2007 WHEREAS, the City Council has examined the budgetary and tax levy needs for Chanhassen for the calendar year 2007 through detailed public budget meetings; and WHEREAS, the Truth in Taxation meeting was held to receive public input into the budget and tax levy for 2006; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen that the 2007 Budget for the City of Chanhassen is adopted with revenue and expenditure amounts for the General Fund of $9,062,400, Special Revenue Funds of $30,000, and $154,500 respectively which are detailed in the 2007 Budget which is made part of this motion by reference; and LET IT BE FURTHER RESOLVED that the City Council of the City of Chanhassen adopts a tax levy of $824,000 for the purpose of equipment upgrades and purchases for 2007; and LET IT BE FURTHER RESOLVED that the City Council of the City of Chanhassen adopts a CIP for years 2007-2011 in the total amount of $51,523,200; and LET IT BE FURTHER RESOLVED that the City Council of the City of Chanhassen determines that certain bonded indebtedness levies are hereby adopted to meet statutory requirements and bond covenants and that the County Auditor is hereby authorized to spread the adopted bonded debt levies as shown on the attached Tax Levy Certification document; and LET IT BE FURTHER RESOLVED that the City of Chanhassen authorizes the County Auditor to levy the amounts shown on the attached Tax Levy Certification document upon taxable property in the City of Chanhassen in 2006 for collection in 2007, as set forth in the attached Tax Levy Certification document. Passed and adopted by the Chanhassen City Council this 11th day of December, 2006. Thomas A. Furlong, Mayor YES NO ABSENT . Furlong None Tjomhom Peterson Lundquist . .