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CITY OF GEM LAKE <br />RESOLUTION NO.2006-43 <br />21 DECEMBER 2006 <br />i <br />WHEREAS, the City Clerk has presented a (Proposed) General Fund Operating Budget of$444,867 which includes a (Proposed) <br />Tax Levy of $311,197 and a (Proposed) Net Debt Levy of $100,000 for fiscal and calendar year 2007 based upon best estimates <br />of costs for running the City of Gem Lake in 2007; and <br />WHEREAS, these estimates were reviewed by the City Council in August, 2006 and amended based upon best information <br />received from outside contractors, and revised on 21 December, 2006; and <br />WHEREAS, the City Council did review the (Proposed) Budget and Tax Levy for 2007, including all revisions thereto as of the <br />date first written; now, therefore be it <br />RESOLVED, that the City Council of the City of Gem Lake does formally adopt the 2007 General Fund Budget of $444,867 <br />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 <br />Council; and, be it <br />FURTHER RESOLVED that the City Clerk is charged with Certifying said Tax Levy to Ramsey County Property Taxation and <br />other government bodies for whom this information is required. <br />The foregoing Resolution was offered by Councilor Watson: andwas supported by Councilor Bosak and was declared adopted <br />based anon the following vote: <br />NAME <br />EMEOTT <br />WATSON <br />BOSAK <br />SCHILLING <br />RASMUSSEN <br />VOTE <br />Aye <br />Aye <br />Aye <br />Aye <br />Aye <br />ATTEST <br />1, Frederic C. Magnuson, the duly qualified City Clerk of the City of Gem Lake, County of Ramsey, State of Minnesota, do <br />hereby certify that the foregoing Resolution is a true and accurate representation of action taken by the City Council of the City <br />of Gem Lake on the date first written. <br />Frederic C. Magnuson, City Clerk <br />J <br />Certif ieb CopB <br />Date <br />efile: resolutions\2006Wo2006-43 <br />