7B, 2009 Operating Levy Payble in 2010 - Resolution 2009-024 & 2009-025

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Memo City Council 2009 Truth -in -Taxation Hearing Dates and 2010 Preliminary Tax Levy 2 increase at 3.1 %. Without the MVHC cut or the public safety increase the budget would show a -1.5 % increase in the levy over last year. Truth -in -Taxation Hearing Dates: The 2009 Legislature changed the Truth -in -Taxation laws. We are now only required to announce and schedule one regular meeting at which the council discusses the budget and levy and takes comments from the public. We may adopt the budget and final levy after the hearing during the same meeting. The Meeting must be between November 25 and December 26 and must occur at or after 6 p.m. We must notify the county auditor by September 15. The Council may choose to continue as we have previously done and have a separate meeting or may choose to do this at a regular meeting. Staff is providing two options for the Council to choose from: Monday, December 7, 2009 — 6:30 p.m. (Special meeting) or Monday, December 14, 2009 — 7:00 p.m. — (Regularly scheduled meeting) It is anticipated the Council will adopt the final 2009 levy payable in 2010, and the 2010 budget, on December 14, 2009. Recommended Action: 1. Adopt Resolution 2009-024, a Resolution setting the preliminary levy for taxes payable in 2010 in the amount of $3,057,666. 2. Adopt Resolution 2009-025, a Resolution adopting Truth -in -Taxation public hearing dates for proposed taxes payable in 2010. The date established is December , 2009.