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NO <br />(b) An additional amount, if any, as the commission determines to 5e <br />necessary to provide for the full and tiroely payment of its certificates of <br />indebtedness and other obligations outstanding on July 1, 1977, to which <br />property taxes under this section have been pledged; and <br />(c) An additional amount necessary to provide full and timely payment of <br />certificates of indebtedness, bon ., or other obligations issued or to be <br />issued pursuant to section 473.436 for purposes of acquisition and <br />betterment of property and other imprc,vements of a capital nature and to <br />which the commission has specifically pledged tav levies under this clause. <br />In addition, Subdivision la of Minn. Stat. '„473.446 (1982) requires that an <br />additional levy he made in the e-urban area (the area inside the metropolitan <br />transit area but outside the metropolitan transit taxing district) in the <br />amount of 10 percent of the sum of the lev'-zs made under the statute quuttd <br />above. The proceeds of this tax can be used only for paratransit or <br />ridesharing programs in the exurba►; area. <br />Summarizing the law, the Board-s property ax levy will consist of three <br />components: <br />1. The general property tar levy (based upon the leve' of service provided, <br />not to exceed 7 mills); <br />2. MTC debt service levy; and <br />3. The exurban levy. <br />The amount of the MTC deft service levy is set by the MTC (RTB enabling <br />legislation, ;137) and the amount of the exurban levy is set by statute at 10 <br />percent of the sum of the general levy and debt servico levies. The Board has <br />discretion only in establishing the amount of the genera' property tax levy. <br />DISCUSSION OF OPTIONS AND 1SSOES <br />The Board has essentially three options in certifying the transit tax levy: <br />M.TC i983 Feathering plan <br />Certify taxes the same as last year, i.e., pro. ii►nited tax relief to <br />communities exigible for "opt -out`' by reducing 'heir levy to 1.75 or 1.65 <br />mills, based upon the .evel of transit service provided to those <br />communities. Total tax levy -eduction - $777,000. See Exhibit A. <br />