07-0607R


RESOLUTION PROPOSING THE SUM TO BE RAISED BY TAXATION FOR THE SPECIAL TAXING DISTRICT, SEAWAY PORT AUTHORITY, FOR THE YEAR 2008.

BY COUNCILOR STEWART:

     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 2007 for Seaway Port authority taxing district’s operations is hereby determined to be the sum of $932,200 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 $981,700.


STATEMENT OF PURPOSE:  This resolution sets the proposed tax levy for the year 2008 for the Duluth Seaway Port authority. The proposed levy will increase at the request of the authority $49,500 over 2007. The amount requested for 2008 is based on the full levy allowed by law of .01813 percent of market value.