12/16/1996 Council Packet - Laserfiche WebLink

Home Search

Council member introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 96-159 RESOLUTION CERTIFYING THE FINAL 1996 TAX LEVY, COLLECTABLE IN 1997. WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund operating costs anticipated in the year 1997, and WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards Certificate of Indebtedness obligations, and WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards the Public Project Revenue Bonds, and WHEREAS, the City of Lino Lakes is not restricted by levy limitations imposed by the State of Minnesota. NOW THEREFORE BE IT RESOLVED, that the City of Lino Lakes, Anoka County, Minnesota, hereby does levy on a proposed basis the following upon taxable property in said City of Lino Lakes, to -wit: 1. Total amount levied in the year 1996 to be spread for taxes due and payable in the year 1997 (including HACA) is the total sum of $3,349,400. 2. The total amount above levied is for the following purposes: GENERAL OPERATING General Bonded Debt Public Project Revenue Bonds Equipment Certificates of 1995 Equipment Certificates of 1996 Total General Obligation Bonded Debt TOTAL LEVIES $3,027,448 118,112 97,944 105,896 $ 321,952 $3,349,400 BE IT FURTHER RESOLVED by the Lino Lakes City Council that the general fund operating budget and special levies for Equipment Certificates and the Public Project Revenue Bonds as reviewed by the City Council represents the basis for this levy. Individual department budgets are subject to final approval by the City Council and shall be authorized by separate action. LET IT BE FURTHER RESOLVED that the total levy will be certified to the County of Anoka less the certified amount of Homestead and Agriculture Credit Aid (HACA) for payable 1997. Total Levy Less Total HACA Total Levy Tess HACA $3,349,400 (421,891) $2,927,509