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