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A RESOLUTION ADOPTING THE PROPOSED 2003 <br />TAX LEVY COLLECTIBLE IN 2004 <br />WHEREAS, at a regular meeting held on September 8,2003, the City Council of the City <br />of Orono adopted Resolution No. 5041. establishing the Proposed 2003 Ta.x Levy Collectible in <br />2004, and; <br />WHEREAS, due to a misinterpretation of the overall levy limitation amount for taxes <br />collectible in 2004. Resolution No. 5041 included an incorrect amount for the General Fund tax levy <br />to be collectible in 2004, and; <br />WHEREAS, to correct the amount of the General Fund lax levy collectible in 2004, it is <br />necessary to rescind Resolution No. 5041 <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Orono, <br />County of Hennepin. Minnesota, that Resolution No. 5041 is hereby rescinded. <br />BE IT FURTHER RESOLVED, that the following sums be levied for the current year, <br />collectible in 2004 upon the taxable property in the City of Orono, for the following purposes: <br />General Fund • Operating <br />PIR Fund • Infrastructure Replacement (Road) <br />Park Fund • Land Acquisition and Development <br />Imp & F.quip Outlay - Capital Equipment Certificates <br />G.O. Improvement Bond 1997 <br />Public Facilities Revenue Refunding Bond 1998 - HRA <br />G.O. Improvement Bond 1999 <br />Fire Facility and Equipment Bond 2003 - HRA <br />G.O. Sewer Improvement Refunding Bond 2003 <br />$2,651,230 <br />35,450 <br />5.000 <br />125.000 <br />18,000 <br />250.000 <br />5.000 <br />73,250 <br />35,000 <br />TOTAL ALL LEVIES $3,197,930 <br />The City Clerk is hereby instructed to transmit a certified copy of this resolution to the <br />County Auditor of Hennepin County. Minnesota. <br />Page I of2 <br />I <br />! <br />j