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• <br />• <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 78 - 88 <br />RESOLUTION APPROVING, ESTABLISHING, AND ADOPTING THE 1988 TAX <br />LEVY, COLLECTABLE IN 1989. <br />WHEREAS, the City of Lino Lakes is in need of certain funds <br />to pay expenses, obligations and operating costs <br />anticipated in the year 1989, and <br />WHEREAS, the City of Lino Lakes is restricted by levy <br />limitations imposed upon it by the State of Minnesota, <br />NOW THEREFORE BE IT RESOLVED, . that the City of Lino Lakes, Anoka <br />County, Minnesota, hereby does levy the following upon the <br />taxable property in said City of Lino Lakes, to -wit: <br />1. Total amount levied in the year 1988 to be spread <br />for taxes due and payable in the year 1989 is in <br />the total sum of $ 1,146,850.00. <br />2. The amount aboved levied is for the purpose of <br />operational costs within the General Fund. <br />No bond and interest Levy is necessary for 1989 due to the <br />surplus in such particular funds. <br />BE IT FURTHER RESOLVED by the Lino Lakes City Council that the <br />general fund operating budget as reviewed by the City Council <br />represents the basis for this levy. Individual department <br />budgets are subject to final approval by the City Council and <br />shall be authorized by seperate action prior to January 1, 1989. <br />Passed the 24th day of October , 1988. <br />Marilyn G. Anderson, Clerk- Treasurer <br />