Laserfiche WebLink
POLICY H4 <br />9/8/04 <br />ITEM: Resolution 04-17 Authorizing the City to Eliminate the 2005 Debt <br />Levy on General Obligation Debt <br />SUBMITTED BY: Roland Olson, Finance Director <br />REVIEWED BY: Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: Each year, the city is required to pass a resolution stating its intention to either levy <br />for the general obligation debt service, or eliminate its ability to levy for the debt. Falcon <br />Heights has never levied for the general obligation debt, and staff is once again recommending <br />that the Council pass a resolution eliminating the 2005 debt levy on general obligation debt. <br />ATTACHMENT: <br />• Resolution 04-17 on page ~_ <br />• ACTION REQUESTED: <br />• Approval of Resolution 04-17, Elimination of the 2005 Debt Levy on General Obligation <br />Debt <br />CJ <br />4~ <br />