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<br />MINNESOTA' REVENUE <br /> <br />. <br /> <br />2003 LOCAL GOVERNMENT AID NOTICE <br /> <br />July 31,2002 <br /> <br />RECEIVED <br />AUG - 1 2002 <br /> <br />ARDEN HillS CITY OF <br />CLERK <br />CITY HAll <br />1245 W HIGHWAY 96 <br />ARDEN HillS, MN 55112 <br /> <br />CITY OF ARDt:N HILLS <br /> <br />THE 2003 lOCAL GOVERNMENT AID FOR YOUR CITY IS: <br /> <br />$ 11,730 <br /> <br />THE FOLLOWING IS A LISTING OF THE FACTORS USED IN THE CALCULATION OF YOUR CITY'S <br />2003 lOCAL GOVERNMENT AID. SEE THE ENCLOSED lETTER FOR AN EXPLANATION OF THESE <br />FACTORS AND FOR ADDITIONAL INFORMATION CONCERNING THE DETERMINATION OF YOUR <br />~ITY'S lOCAL GOVERNMENT AID. <br /> <br /> 1- PRE-1940 HOUSING UNITS: 65 <br /> 2. TOTAL HOUSING UNITS: 2,958 <br /> 3. PRE-1940 HOUSING PERCENTAGE: 2.20 % <br /> 4. 1991 POPULATION: 9,496 <br /> 5. 2001 POPULATION: 9,660 <br /> 6. POPULATION DECLINE PERCENTAGE: 0.00 % <br /> 7. 2001 TOTAL CLASS 3 REAL PROPERTY MARKET VALUE: $ 259,083,100 <br />. 8. 2001 TOTAL REAL AND PERSONAL MARKET VALUE: $ 734,470,745 <br />9. COMMERCIAL/INDUSTRIAL PERCENTAGE: 35.27 % <br /> 10. TRANSFORMED POPULATION: 635.65 <br /> 11. CITY REVENUE NEED: $ 295.64 <br /> 12. PAYABLE 2002 CITY NET lEVY: $ 2,201,009 <br /> 13. PAYABLE 2002 CITY NET TAX CAPACITY: $ 10,599,119 <br /> 14. TAX EFFORT RATE: 0.361938 <br /> 15. NEED INCREASE PERCENTAGE: 0.478520 % <br /> 16a. CITY AID BASE BEFORE ADJUSTMENTS: $ 11,736 <br /> 16b. 2003 RENTAL HOUSING TAX BASE REPLACEMENT AID: $ 0 <br /> 16c. OTHER AID BASE ADJUSTMENTS: $ 0 <br /> 16. TOTAL CITY AID BASE FOR 2003 (16a+16b+16c): $ 11,736 <br /> 17. CITY FORMULA AID (15x(11x5)-(13x14)): $ 0 <br /> 18. PRELIMINARY AID (16+17): $ 11,736 <br /> 19. 2002 lOCAL GOVERNMENT AID: $ 11,736 <br /> 20. 2003 MAXIMUM AID ((.1 x 12)+16b+16c+19): $ 231,837 <br /> 21. 2003 lGA BEFORE REDUCTIONS (lESSER OF 18 OR 20): $ 11,736 <br /> 22. REDUCTION FOR STATE COSTS: $ 6 <br /> 23. FINAL 2003 lOCAL GOVERNMENT AID AFTER REDUCTIONS <br /> (21-22): $ 11,730 <br />. <br /> Property Tax Division rei: 651-296-5141 <br /> Mail Station 3345 Fax: 651-297-2166 <br /> 51. Paul, MN 55146-3345 TTY: Call 711 for Minnesota Relay <br /> An equal opportunity employer <br />