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CITY OF GEM LAKE RESOLUTION NO.2006-43 21 DECEMBER 2006 WHEREAS,the City Clerkhas presented a (Proposed) General Fund Operating Budget of $444,867 which includes a (Proposed) Tax Levy of $311,197 and a (Proposed) N et Debt Levy of $100,000 for fiscal and calendar year 2007 based upon best estimates of costs for running the City of Gem Lake in 2007; and WHEREAS, these estimates were reviewed by the City Council in August, 2006 and amended based upon best information received from outside contractors, and revised on 21 December, 2006; and WHEREAS, the City Council did review the (Proposed) Budget and Tax Levy for 2007, 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 2007 General Fund Budget of $444,867 which includes a General Tax Levy of $311,197 for 2007 and a Debt Levy of $100,000 as presented to and amended by the City Council; and, be it FURTHER RESOLVED that the City Clerk is charged with Certifying said Tax Levy to Ramsey County Property Taxation and other government bodies for whom this information is required. The foregoing Resolution was offeredby Councilor Watson andwas supported by CounciiorBosak andwas declared adopted based upon the follo NAME ing vote: EMEOTI' Aye WATSON BOSAK SCHILLING RASIVIUSSEN Aye Aye Aye Aye VOTE ATTEST L Frederic C. Magnuson, 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. X406rLl- -�p, �cPl6o�1L Frederic C. Magnuson, City Clerk j 2.1-gwmxAw .2006 Date Certified Copy efile: resolutiaas12006%No2006-43