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CITY OF GEM LAKE, MN 4200 Otter Lake Road --� Gem Lake, Minnesota 55110 RESOLUTION NO.2010-12 17 AUGUST 2010 A RESOLUTION ADOPTING THE PRELIMINARY AMOUNT TO BE RAISED BY PROPERTY TAXATION FOR THE YEAR 2011 WHEREAS, the City Treasurer has presented a (Proposed) Budget of $413,245.00 which includes a (Proposed) General Tax Levy of $361,245.00 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, these estimates were reviewed by the City Council on 17 August, 2010 and amended based upon best information received from outside contractors and input from the City Council, and revised by the City Council on 17 August, 2010; and WHEREAS, the City Council did review the (Proposed) Budget and Tax Debt 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 Preliminary General Fund Budget of $426,015.00 which includes a Preliminary General Tax Levy of $361,245.00 and a Preliminary Debt Levy of $52,000.00 for 2011 l as prepared by the City Treasurer and amended by the City Council; and j 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 Councilor and was supported by Councilor and was declared adopted based upon the following vote: NAME UZPEN BOSAK LINDNER RASMUSSEN ARTIG- SWOMLEY Vote Attest I, 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. 17,4ugust2010 WILLIAM F. SHORT, City Clerk Look for us on the World Wide Web at gemlakemn.org