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CITY OF LINO LAKES <br />RESOLUTION NO. 88 - 89 <br />RESOLUTION CERTIFYING THE FINAL 1989 TAX LEVY, COLLECTABLE IN <br />1990. <br />WHEREAS, the City of Lino Lakes is in need of certain funds <br />to pay expenses, obligations for General Fund <br />operating costs anticipated in the year 1990, and <br />WHEREAS, the City of Lino Lakes is in need of certain funds <br />to pay expenses towards Certificate of Indebtedness' <br />obligations, <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, <br />Anoka County, Minnesota, hereby does levy on a final basis <br />the following upon the taxable property in said City of Lino <br />Lakes, to -wit: <br />1. Total amount levied in the year 1989 to be spread <br />for taxes due and payable in the year 1990 is in the <br />total sum of $ 1,529,821.00. <br />2. The total amount above levied is for the following <br />purposes: <br />LEVY LIMIT $ 1,371,527.00 <br />General bonded Debt <br />Equipment Certificates of 1989 <br />Equipment Certificates of 1989B <br />Total General Obligation <br />Bonded Debt <br />87,098.00 <br />71,196.00 <br />158,294.00 <br />TOTAL LEVIES 1,529,821.00 <br />BE IT FURTHER RESOLVED by the Lino Lakes City Council that <br />the general fund operating budget and a Special levy for <br />Equipment Certificates 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 separate action prior to December 28, <br />1989. <br />Page 1 <br />