10/24/1988 Council Minutes (2) - Laserfiche WebLink

Home Search

COUNCIL MEETING OCTOBER 24, 1988 cannot go into a more conservative mode and be sure that taxes will not increase due to the levy. Mr. Schumacher noted that Mr. MacGillivray is very conservative and felt the recommendation already is very conservative. Mr. Bisel expressed concern because he felt that the Legislature has told the cities that there must be truth in taxation but they have not given the cities anything to work with to use as a guide. There was further discussion on how the amount of the 1989 levy was determined. Mayor Benson asked what the special levy was for and Mr. Schumacher explained it was for the repayment of the equipment certificates. There were further questions and a suggestion that Mr. MacGillivray explain to the Council the method he used in determining the levy. Mr. Bisel noted that if the Council did not raise the levy for 1989 the worst senerio would be that the Council has not levied adequate funds and some funding would have to come out of the surplus. He said he felt uncomfortable taxing people to have a surplus account. Mr. Bisel moved to levy $1,146,850.00 for 1988 collectable in 1989 and this is based upon this figure being the same figure as levied in 1987 collectable in 1988. Mr. Bohjanen seconded the motion. Mr. Reinert asked for an explanation of levying outside of the levy limits. Mr. Schumacher explained that this City does levy outside of the levy limits to pay for the equipment certificates. He noted that if the Council votes to levy the same amount as last year, some of the cost of the certificates will have to be taken out of the reserve. Voting on the motion, motion carried unanimously. CITY OF LINO LAKES RESOLUTION NO. 78 - 88 RESOLUTION APPROVING, ESTABLISHING, AND ADOPTING THE 1988 TAX LEVY, COLLECTABLE IN 1989. WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses, obligations and operating costs anticipated in the year 1989, and