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<br />No. R-91-46 <br />CITY OF FALCON HEIGHTS <br />C O U N C I L R E S O L U T I O N <br />Date: August 28, 1991 <br />A RESOLUTION REDUCING THE 1991 DEBT LEVY ON <br />GENERAL OBLIGATION DEBT <br />• <br />WHEREAS, the City Council of the City of Falcon Heights has <br />funds on hand in the Debt Service Funds in the amount of $157,100.00 and; <br />WHEREAS, this amount is strictly reserved for the debt payment <br />on the General Obligation Capital Notes of 1990, General Obligation Tax <br />Increment Improvement Bond of 1983, and General Obligation Improvement <br />Bonds of 1990 and 1991. <br />NOW, THEREFORE, be it resolved by the City Council of the City <br />of Falcon Heights that the following be removed from the 1992 tax levy: <br />G.O. Tax Increment Improvement Bond 1983 $25,700.00 <br />G.O. Capital Notes of 1990 100,300.00 <br />G.O. Improvement Bonds of 1990 .00 <br />G.O. Improvement Bonds of 1991 31,100.00 <br />Total Reduction: $157,100.00 <br />/ ..~""_ <br />YEAS NAYS Approved by / G~--, ~"~ <br />Mayor <br />BALDh'IN <br />CIERNIA S In Favor <br />GEHRZ <br />WALLIN 0 Against <br />JACOBS <br />Attested by <br />Au ust 28, 1991 <br />Da e <br />tJ~ <br />~~ <br />C y C er <br />Adopted by Council August 28, 1991 <br />August 28 1991 <br />Da e <br />• <br />