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CITY OF GEM LAKE, MN 4707 Hwy 61 # 253 �o4 White Bear- Lake, MN 55110-3227 RESOLUTION NO.2007- 18 DECEMBER 2007 A RESOLUTION ADOPTING THE FINAL AMOUNT TO BE RAISED BY PROPERTY TAXATION FOR THE YEAR 2008 WHEREAS, the City Treasurer has presented a TOTAL (Proposed) Budget of $604,141.00 which includes a (Proposed) General Tax Levy of $.395,.355.00 and a Debt Tax 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, the City Council did review, on December 10, 2007, the TOTAL (Proposed) Budget and Tax Levy 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 fonnally adopt the 2008 Final General Fund Budget of $435,779.00 and tine Final Property Tax Levy of $449,255.00 which includes a General Tax Levy of $395,355.00 and a Debt Levy of $5.3,900.00 for 2008 as prepared by the City Treasurer and amended by the City Council; BE IT FURTHER RESOLVED that the City Cleric 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 RASUMSSEN ARTIG- SWOMLEY Vote Aye Aye Aye Aye Aye Attest I, WILLIAM F. SHORT, the duly qualified City Clerk for the City of Gem Lance, 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. 18 December 2007 WILLIAM F. SHORT, City Clerk Look for us on the World Wide Web at gemlakemn org