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05-109CITY OF SHOREWOOD RESOLUTION NO.OS- 109 A RESOLUTION ADOPTING THE 2006 BUDGETS AND APPROVING THE 2005 PROPERTY TAX LEVY COLLECTIBLE IN 2006 WHEREAS, the 2006 Budget and 2005 property tax levies collectible in 2006 for the City of Shorewood have been prepared and reviewed by the City Council; and, WHEREAS, the City Council held aTruth-In-Taxation meeting on December 5, 2005, to receive public comment regarding the adoption of such budgets and property tax levies; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Shorewood as follows: That the following budgets are adopted for the year 2006: General Fund $4,740,495 Liquor Funds - (Combined) 538,078 Water Fund -Operating and Debt Service 1,960,612 Sewer Fund 1,095,737 Recycling Fund 118,322 Stormwater Management Fund 210,899 2. That the following sums be levied for 2005, collectible in 2006, upon taxable property in the City of Shorewood for the following purposes: General Fund Operations Levy $3,678,592 Special Levy 511,803 Total General Fund Levy 4 190 395 3. That the City Administrator/Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Hennepin County, Minnesota. ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 12th day of December, 2005. /~ -_ ATTEST: Woody Love, Mayor Craig awson, City Administrator/Clerk