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CITY OF GEM LAKE, MN _ 4707 Hwy 61 # 253 �— White Bear Lake, MN 55110-3227 LW E-mail CityQ_)gemlakeMN.or O RESOLUTION NO.2007-10 21 AUGUST 2007 WHEREAS, the City Treasurer has presented a (Proposed) Budget of $463,645.0 which includes a (Proposed) Tax Levy of $395,355.00 and a Debt levy of $53,900.00 for fiscal and calendar year 2008 based upon best estimates of costs for running the City of Gem Lake in 2008; and WHEREAS, these estimates were reviewed by the City Council on 21 August, 2007 and amended based upon best information received from outside contractors and input from the City Council, and revised by the City Council on 21 August, 2006; and WHEREAS, the City Council did review the (Proposed) Budget and Tax Debt for 2008, 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 2008 Preliminary General Fund Budget of $463,645.00 which includes a Net Property Tax Levy of $375,355.00 and a Net Debt Levy of $53,900.00 for 2008 as prepared by the City Treasurer and amended by the City Council; and 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 EMEOTT WATSON 'SCHILLING RASMUSSEN ARTIG- SWOMLEY Vote ATTEST I, WILLIAM F. SHORT, the duly qualified City Clerk of 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 by the City Council of the City of Gem Lake on the date first written. 22 August 2007 WILLIAM F. SHORT, City Clerk Look for us on the World Wide Web at gemlakemn.org