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<br />. <br /> <br />. <br />7MINNESOTA Deparbnent of Revenue <br />Property Tax Division <br /> <br />Mail Station 3340 <br />Phone (651) 296-5145 <br /> <br />. <br /> <br />Payable 2000 Overall Levy Limitation Notice <br /> <br />St. Paul, MN 55146-3340 <br />Fax (651) 297-2166 <br /> <br />July 28,1999 <br />Revised August 16, 1999 <br />RECEIVED <br /> <br />ARDEN HILLS CITY OF <br />CLERK ADMINISTRATOR <br />CITY HALL <br />1450 W HIOHWAY 96 <br />ST. PAUL, MN 55112 <br /> <br />AUG 1 7 1999 <br /> <br />CITY OF ARDEN HILLS <br /> <br />The payable 2000 overall levy limitation for your city is: <br /> <br />$ <br /> <br />1,976,377 <br /> <br />The following is a listing of the factors used in determining your city's payable 2000 <br />overall levy limitation. See the enclosed letter for an explanation of these factors and for <br />additional information concerning your city's overall levy limitation. <br /> <br />. <br /> <br />1. Adjusted Levy Limit Base for Payable 1999: $ <br />2. Implicit Priee Deflator Adjustment (Mar. 99/Mar. 98): <br />3. Household Growth Adjustment <br />a. 1997 Households: <br />b. 1998 Households: <br />c. Ratio of 1998 to 1997 Households (b/a, but not less than <br />1.000): <br />4. Adjustment for Payable 1999 Market Value of New C/I Construction <br />a. Payable 1998 Total Taxable Market Value: $ <br />b. Payable 1999 Market Value of New CII Construction: $ <br />c. Adjustment (I + Ratio of (b) to (a)): <br />5. Adjusted Levy Limit Base for Payable 2000 (l x 2 x 3c x 4c): $ <br />6. New Net Tax Capacity-Based Referendum Levies: $ <br />7. 2000 Property Tax Aids <br />a. 2000 Certified Local Oovernment Aid (LOA): $ <br />b. 2000 Certified Homestead and Agricultural Credit Aid <br />(HACA): $ <br />c. 2000 Estimated Taconite Aids: $ <br />d. 2000 Certified Existing Low Income Housing Aid: $ <br />e. Total (a + b + C + d): $ <br />8. 1999 Tax Rate Excess Tax Increments (Increase Over 1997): $ <br />9. Payable 2000 Overall Levy Limitation (5 + 6 - 7e - 8): $ <br /> <br />. <br /> <br />An equal opportunity employer <br /> <br />2,026,909 <br />1.015 <br /> <br />3,029 <br />3,043 <br /> <br />1. 005 <br /> <br />501,317,950 <br />9,358,002 <br />1.019 <br />2,106,884 <br /> <br />11,044 <br /> <br />99,969 <br /> <br />lll,013 <br />19,494 <br />1,976,377 <br /> <br />oJ <br /> <br />TTYffDD: (651) 215-0069 <br />