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<br />e <br /> <br />e <br /> <br />e <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />September 8, 2000 <br /> <br />TO: <br /> <br />Joe Lynch, City Administrator <br />Terrance R. Post, City Accountant @ <br /> <br />Preliminary Payable 2001 Levy <br /> <br />.FROM: <br /> <br />SUBJECT: <br /> <br />Background <br />Staff has been developing, reviewing and summarizing the proposed 2001 bndget throughout the <br />summer. At the outset of this process, Council gave general direction to staff with regard to <br />minimizing levy dollar growth and reducing capital plan spending spikes by year. <br /> <br />At this stage in the budget process, the preliminary budget reflects property tax revenues that <br />result from a City Council-directed 2.50% net levy incrcase. <br /> <br />Historical Levy Information <br />The City has maintained a relatively consistent levy percentage increase in the last several years. <br />The following table summarizes recent net levy actions. <br /> <br />Year <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 <br />2001 (Proposed) <br /> <br />Increase <br />Dollars <br />$ 51,170 <br />35,000 <br />35,000 <br />59,617 <br />51,763 <br />49,392 <br /> <br />Percent <br />2.94% <br />1.95% <br />1.91% <br />3.20% <br />2.69% <br />2.50% <br /> <br />Recommendation <br />Staff recommends that Council consider adopting Resolution No. 00-29, "Resolution Clarifying <br />Proposed Sums of Money to be Levied for Levy Year 2000: Payable in 2001," at thc September <br />11, 2000 Council mceting. <br /> <br />Enclosures <br />