HomeMy WebLinkAbout1987-055 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 55 - 87
RESOLUTION APPROVING, ESTABLISHING AND ADOPTING THE 1987 TAX LEVY,
COLLECTABLE IN 1988.
WHEREAS, the City of Lino Lakes is in need of certain funds to
pay expenses, obligations and operating costs anticip-
ated in the year 1988, and
WHEREAS, the City of Lino Lakes is restricted by levy limitat-
ions imposed upon it by the State of Minnesota,
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of
Lino Lakes, Anoka County, Minnesota, hereby does levy the follow-
ing upon the taxable property in said City of Lino Lakes, to -wit:
1. Total amount levied in the year 1987 to be spread
for taxes due and payable in the year 1988 is in
the total sum of $1,146,850.00.
2. The amount above levied is for the purpose of
operational costs within the General Fund.
No bond and interest Levy is necessary for 1988 due to the surplus
in such particular funds.
BE IT FURTHER RESOLVED by the Lino Lakes City Council that the
budgets as reviewed by the respective departments and City Council
in numerous meetings, represent the basis for this. levy. Individ-
'ual department budgets are subject to final approval by the City
Council and shall be authorized by separate action prior to January
1, 1988.
Passed the 5th day of October
, 1987.
enjami G. Ben on, Mayor
Marlyn G. Anderson, Clerk- Treasurer