HomeMy WebLinkAbout1989-072 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 72-89
RESOLUTION CERTIFYING THE PRELIMINARY 1989 TAX LEVY,
COLLECTABLE IN 1990.
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenses, obligations and operating costs
anticipated in the year 1990, and
WHEREAS, the City of Lino Lakes is restricted by levy
limitations imposed upon it by the State of
Minnesota,
NOW THEREFORE BE IT RESOLVED, that the City of Lino Lakes,
Anoka County, Minnesota, hereby does levy on a preliminary
basis the following upon the taxable property in said City of
Lino Lakes, to -wit:
1. Total preliminary amount levied in the year 1989 to
be spread for taxes due and payable in the year 1990
is in the total sum of $ 1,535,086.00.
2. The preliminary amount above levied is for the
following purposes:
General Fund $ 1,371,527.00
General bonded Debt
Equipment Certificates
(interest shortage)
Equipment Certificates
Equipment Certificates
of 1987
of 1989
of 1989B
Total General Obligation
Bonded Debt
5,265.00
87,098.00
71,196.00
163,559.00
TOTAL LEVIES 1,535,086.00
BE IT FURTHER RESOLVED by the Lino Lakes City Council that
the general fund operating budget as reviewed by the City
Council represents the basis for this levy. Individual
department budgets are subject to final approval by the City
Council and shall be authorized by separate action prior to
December 28, 1989.
Passed the 15t1 day of
. Anderson, Clerk -Treasurer
jami enson, ayor