RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, SEAWAY PORT AUTHORITY, FOR THE YEAR 2005.
BY COUNCILOR NESS:
RESOLVED, that pursuant to Minnesota Statutes, Sec. 469.053, the city council adopts the following proposed property tax levy.
Section 1. The sum to be raised by taxation for the year 2005 for seaway port authority taxing district’s operations is hereby determined to be the sum of $775,400 which sum is levied against the taxable property of the city of Duluth and appropriated to the various accounts as set forth in the following sections, viz:
Section 2. That pursuant to Minnesota Statutes, Section 485.15, there will be levied for the purpose of providing for the seaway port authority special taxing district the sum of $775,400.
STATEMENT OF PURPOSE: This resolution sets the proposed tax levy for the year 2005 for the Duluth Seaway Port Authority. The proposed levy will increase at the request of the Authority $117,300 or 17.8 percent over 2004. The amount requested for 2005 is based on the full levy allowed by law of .01813 percent of market value.