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Council member Elliott introduced the <br />following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NUMBER 94-97 <br />RESOLUTION CERTIFYING THE FINAL 1994 TAX LEVY, COLLECTABLE IN 1995. <br />WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for <br />General Fund operating costs anticipated in the year 1995, and <br />WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses <br />towards Certificate of Indebtedness obligations, and <br />WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses <br />towards the Public Project Revenue Bonds, and <br />WHEREAS, the City of Lino Lakes is not restricted by levy limitations imposed by the <br />State of Minnesota. <br />NOW THEREFORE BE IT RESOLVED, that the City of Lino Lakes, Anoka County, <br />Minnesota, hereby does levy on a proposed basis the following upon taxable property <br />in said City of Lino Lakes, to -wit: <br />1. Total amount levied in the year 1994 to be spread for taxes due and <br />payable in the year 1995 (including HACA) is the total sum of <br />$2,634,350.00. <br />2. The total amount above levied is for the following purposes: <br />GENERAL OPERATING $ 2,303,705.00 <br />General Bonded Debt <br />Public Project Revenue Bonds <br />Equipment Certificates of 1990A <br />Equipment Certificates of 1992 <br />Equipment Certificates of 1994 <br />Total General Obligation <br />Bonded Debt <br />TOTAL LEVIES <br />Page 1 <br />105,735.00 <br />20, 726.00 <br />111, 626.00 <br />92,558.00 <br />330, 645.00 <br />2,634,350.00 <br />