(A) An urban service district and rural service district shall exist in the city for the purpose of levying municipal property taxes except those levied for the payment of bonds and judgments and interests thereon.
(B) The rural service district shall be comprised of the following parcels of land within the city:
R30.004.0030 R30.008.1030 R30.009.0500 R30.240.0060
R30.005.0040 R30.008.1150 R30.009.0530
R30.005.0060 R30.008.1190 R30.009.0550
R30.005.0070 R30.008.1220 R30.017.0010
(C) The urban service district shall be comprised of all land zoned industrial or commercial or platted lands and all land within the city limits that is served either by city water or city sewer in which further does not meet the definition of the rural service district.
(D) That the benefit ratio required by M.S. § 272.67, Subd. 2, as it may be amended from time to time, shall be established so that all lands in the rural service district shall be taxed for the general tax levy at 75% of the rate levied in the urban service district. Pursuant to the is classification the taxes for municipal purposes, exclusive of bonded indebtedness shall not exceed 75% of full municipal tax levied in the remainder of the city. The benefit ratio shall not apply on municipal taxes levied for the payment of bonded indebtedness, interest or judgments thereon.
(E) This section shall be effective after a certified copy has been filed with the Faribault County Auditor and has been approved by the Municipal Board of the State of Minnesota. It shall apply to the taxes payable in the calendar year following such approval and subsequent years subject to amendment as provided by law.
(Ord. 251, passed 6-28-2004)