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<br />MINNESOTA Department of Revenue <br />Property Tax Division <br /> <br />Mail Station 3340 <br />Phone (612) 296-3155 <br /> <br />St. Paul, MN 55146-3340 <br />Fax (612) 297-2166 <br /> <br />Payable 2002 Overall Levy Limitation Notice <br /> <br />August 29,2001 <br /> <br />CENTERVILLE CITY OF <br />CLERK-TREASURER <br />CITY HALL 1880 MAIN STREET <br />CENTERVILLE MN 55038 <br /> <br />REVISED <br /> <br />The payable 2002 overall levy limitation for your city is: <br /> <br />$ <br /> <br />1,480,623 <br /> <br />The following is a listing of the factors used in determining your city's payable 2002 <br />overall levy limitation. See the enclosed letter for an explanation of these factors and for <br />additional information concerning your city's overa1l1evy limitation. <br /> <br />1. Adjusted Levy Limit Base for Payable 2000: $ <br />2. Payable 2000 Matching Funds Special Levy: $ <br />" Beginning Levy Limit Base for Payable 2002 (1 + 2): $ 0 <br />J. <br />4. Implicit Price Deflator Adjustment (March 2000/March 1999): 1.043041 <br />5. Household Growth Adjustment <br /> a. 1998 Households: 849 <br /> b. 1999 Households: 1,013 <br /> c. Ratio of 1999 to 1998 Households (b/a, but not less than 1.000): 1.193168 <br />6. Adjustment for Pay' 2000 Market Value of New CII Construction <br /> a. Payable 1999 Total Taxable Market Value: $ 102,314,000 <br /> b. Payable 2000 Market Value of New C/I Construction: $ 700,458 <br /> c. 50% of Line b (6b x 0.5): $ 350,229 <br /> d. Adjustment (1 + Ratio of 6c to 6a): 1.003423 <br />7. Levy Limit Base Adjusted for Pay' 2001 Factors ( 3 x 4 x 5c x 6d): $ 0 <br />8. Alternative Levy Limit Base for Payable 2001 (Detail on Page 2): $ 1,351,329 <br />9. Effective Levy Limit Base for Payable 2001 (Greater of7 or 8): $ 1,351,329 <br />10. Payable 2001 Opt-Out City Transit Services Levy: $ <br />11. Levy Limit Base after Transit Services Levy Adj. (9 - 10): $ 1,351,329 <br />12. Implicit Price Deflator Adjustment (March 200 11M arch 2000): 1.033630 <br />13. Household Growth Adjustment <br /> a. 1999 Households: 1,013 <br /> . b. 2000 Households: 1,077 <br /> c. Ratio of2000 to 1999 Households (b/a, but not less than 1.000): 1.063179 <br />14. Adjustment for Pay' 2001 Market Value of New CII Construction <br /> a. Payable 2000 Total Taxable Market Value: $ 128,915,300 <br /> b. Payable 2001 Market Value of New C/I Construction: $ 1,000,751 <br /> c. 50% of Line b (14b x 0.5): $ 500,376 <br /> d. Adjustment (1 + Ratio of 14c to 14a): 1.003881 <br /> <br />Cant... <br /> <br />An equal opportunity employer <br /> <br />TTYITDD: (612) 215-0069 <br />