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� POLICY OBJECTIVE <br />�; Adopting a preliminary budget and t� levy is required under Mn State Statutes. <br />� � FINANCIAL IMPACTS <br />�; Sased on the Staff recommendations noted above, the 2010 preliminary, not-to-exceed tax levy would be <br />�; $14,941,860, an increase of $1,803,000 or 14%. With this increase, a typically-valued home would pay <br />�; approximately $57 per month. This represents an increase of $8.60 per month or 18%. In exchange, <br />�; residents receive 24x7x365 police and fire services, well maintained streets, and a full offerring of parks <br />�; and recreation programs and facilities. <br />1: <br />�: $57 per month is comparable to the monthly cost for cable or satellite tv, telephone/mobile phone, gas, <br />�: electric, and some broadband internet connections. <br />�: STAFF RECOMMENDATION <br />�: Staff Recommends the Council adopt the 2010 Preliminary Sudget and T� Levy as outlined in this report <br />�: and in the attached resolutions. <br />�: REQUESTED COUNCIL ACTION <br />�: The Council is asked to take the following separate actions: <br />1: <br />�: a) Motion to approve the attached Resolution to adopt the 2010 Preliminary T� Levy <br />�� b) Motion to approve the attached Resolution to adopt the 2010 Preliminary Debt Levy <br />�� c) Motion to approve the attached Resolution to adopt the 2010 Preliminary Sudget <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Resolution to adopt the 2010 Preliminary Tax Levy <br />B: Resolution to adopt the 2010 Preliminary Debt Levy <br />C: Resolution to adopt the 2010 Preliminary Budget <br />Page 4 of 10 <br />