BY COUNCILOR STEWART:
The city of Duluth does ordain:
Section 1. The sum to be raised by taxation for the year 2008 for Duluth Seaway Port authority taxing district’s operations is hereby determined to be the sum of $981,700 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 458.15, there will be levied for the purpose of providing the Duluth Seaway Port authority special taxing district the sum of $981,700.
Section 3. That this ordinance shall take effect January 1, 2008.
STATEMENT OF PURPOSE: This ordinance sets the property tax levy for the year 2008 for the Duluth Seaway Port authority. Although the Seaway Port authority is a “special taxing district” per Minnesota Statute 275.066, the city is obligated to levy on their behalf though council action.
The proposed levy will increase, at the request of the authority, $49,500 or 5.31 percent over 2007. The amount requested for 2008 is based on the full levy allowed by law of .01813 percent of market value.