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ARDEN HILLS CITY COUNCIL - SEPTEMBER 10, 2007 14 City Attorney Filla commented the findings include the amperage increased from 100 to 400, the lighting expanded from four external lights to thousands of LEDs and is completely internal because the LEDs are the means of illumination, the depth of the sign increased from two inches to eight to ten inches, and the weight of the sign has increased from 1,000-1,500 to approximately 9,000 to 10,000 with number of external supports to support the additional weight. The motion carried unanimously (5-0). E1. Motion to Adopt Resolution 07-66 Which Establishes the Preliminary Operatinl!: Levy for Taxes Payable in 2008 in the Amount of $2,835,757, a 4.9% Increase from the 2007 Levv Finance Director Iverson explained that by September 15, 2007, the City is required to adopt and certify to Ramsey County a preliminary levy and Truth-in- Taxation hearing dates. She reported staff prepared a preliminary operating levy of $2,835,757 with the City's portion being $2,602,044 after Fiscal Disparities which equate to a 4.9% increase over the 2007 portion. She stated this resulted in a 2.2% decrease in the Tax Rate from 2007 and an increase of $7.23 or 1.3% on an average medium home valued at $294,100. She stated determination of the preliminary levy amount is based on 2008 budget information assembled to-date. Finance Director Iverson reported the initial Truth-in-Taxation hearing date is Monday, December 3,2007 at 6:30 p.m. with the continuation hearing date set for Monday, December 10, 2007 at 6:30 p.m. should it be needed. She indicated staff recommends adoption of Resolution 07-66 setting the preliminary levy for taxes payable in 2008 in the amount of$2,835,757. Discussion ensued. Mayor Harpstead commented he attended the Regional Mayor's meeting where the levy was discussed and the ranged identified from 2.9% to 14.6%. He stated Arden Hills was the third lowest out of 17 cities attending. MOTION: Councilmember Mayor moved and Councilmember Holmes seconded a motion to Adopt Resolution 07-66 Which Establishes the Preliminary Operating Levy for Taxes Payable in 2008 in the Amount of$2,835,757, a 4.9% Increase from the 2007 Levy. The motion carried 4-1 (McClung).