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12/18/2000 Council Packet
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12/18/2000 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
12/18/2000
Council Meeting Type
Regular
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• <br />• <br />• <br />r'IDDcz-LYbuil-1 -77) <br />/z/ / /o //6 7)a' <br />CONSENT AGENDA ITEM 4C <br />STAFF ORIGINATOR Al Rolek <br />DATE 12/18/00 <br />TOPIC Resolution No. 00 -127 <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />According to the original bond documents, each year a levy is scheduled for the <br />purpose of financing the difference in debt service over and above the levied special <br />assessments for the 1992A G.O. Improvement Bonds. The scheduled levy for <br />2000/2001 is $353,352.00. In years past a transfer has been made into the 1992 Bond <br />Fund from the Area and Unit Fund to cover this difference. This will again be the case <br />in 2001 and, therefore, the scheduled levy can be cancelled. <br />Anoka County has informed us that if this levy will not be made for 2000/2001 it must <br />be cancelled by Council resolution. The attached resolution cancels the levy for next <br />year. <br />OPTIONS <br />1. Adopt Resolution 00 -127 canceling the scheduled levy for the 1992A G.O. <br />Improvement Bond. <br />2. Refer back to Staff for further consideration. <br />RECOMMENDATION <br />Option 1 <br />
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