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CITY OF GEM LAKE, MN IlAf City Hall - 4200 Otter Lake Road Gem Lake, MN 55110 RESOLUTION NO.2010-21 16 NOVEMBER 2010 A RESOLUTION ADOPTING THE FINAL GENERAL FUND BUDGET AND FINAL AMOUNT TO BE RAISED BY PROPERTY TAXATION FOR THE YEAR 2011 WHEREAS, the City Treasurer has presented a TOTAL (Proposed) Budget of $608,868.00 which includes a General Tax Levy of $268,234.00 and a Debt Tax Levy of $52,000.00 for fiscal and calendar year 2011 based upon best estimates of costs for running the City of Gem Lake in 2011; and WHEREAS, the City Council did review, on November 16, 2010, the TOTAL Budget and Tax Levy for 2011 including all revisions thereto as of the date first written. NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Gem Lake does formally adopt the 2011 Final General Fund Budget of $411,755.00 and the Final Property Tax Levy of $320,324.00 which includes a General Tax Levy of $268,234.00 and a Debt Levy of $52,000.00 for 2011 as prepared by the City Treasurer and amended by the City Council; BE IT FURTHER RESOLVED that the City Clerk is charged with Certifying said Tax and Debt Levy to Ramsey County Property Taxation and other government bodies for whom this information is required. The foregoing Resolution was offered by Council Member Lindner and was supported by Council Member Artig-Swomley and was declared adopted based upon the following vote: NAME UZPEN BOSAK LINDNER RASUMSSEN ARTIG- SWOMLEY Vote Yes Yes Yes Yes Yes Attest 1, WILLIAM F. SHORT, the duly qualified City Clerk for the City of Gem Lake, County of Ramsey, State of Minnesota, do hereby certify that the foregoing Resolution is a true and accurate representation of action taken my the City Council of the City of Gem Lake on the date first written. 16 NOVEMBER 2010 F. SHORT, City Look for us on the World Wide Web at gemiakemn.org