ATTENTION TAXPAYERS:
NOTICE OF
PROPERTY TAX INCREASE
OF $507,893

RESOLUTION #05-49 FOR OPT OUT

THE GOVERNING BOARD OF the City of Yankton do state that the above said board is unable to operate under the tax limitation measure currently in statute. We therefore OPT OUT of such tax limitation in the amount of $507,893 starting with calendar year 2006 taxes payable in the calendar year 2007. This opt out will be for twenty (20) years, which will be thru taxes payable in the calendar year 2026.  This action has been taken by the board and approved by at least a two-thirds vote of the board.

This decision may be referred to a vote of the people upon a petition signed by at least five percent of the registered voters in the City of Yankton and filed with the governing body within twenty days of the first publication of this decision.

Unless this action is referred to a vote of the people and reversed by such vote, this resolution authorizes the county auditor to spread an excess levy to raise tax dollars in the above stated amount.

Signed ______________________________________ Mayor

 ______________________________________ Commissioner

 ______________________________________ Commissioner

 ______________________________________ Commissioner

 ______________________________________ Commissioner

 ______________________________________ Commissioner

 ______________________________________ Commissioner

 ______________________________________ Commissioner

 ______________________________________ Commissioner

ATTEST:

	_______________________________
		
	        Al Viereck, Finance Officer				Dated: August 22, 2005 
PT 182