HomeMy WebLinkAbout1989-088 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 88 - 89
RESOLUTION CERTIFYING THE FINAL 1989 TAX LEVY, COLLECTABLE IN
1990.
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenses, obligations for General Fund
operating costs anticipated in the year 1990, and
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenses towards Certificate of Indebtedness'
obligations,
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 final basis
the following upon the taxable property in said City of Lino
Lakes, to -wit:
1. Total amount levied in the year 1989 to be spread
for taxes due and payable in the year 1990 is in the
total sum of $ 1,529,821.00.
2. The total amount above levied is for the following
purposes:
LEVY LIMIT $ 1,371,527.00
General bonded Debt
Equipment Certificates of 1989
Equipment Certificates of 1989B
Total General Obligation
Bonded Debt
87,098.00
71,196.00
158,294.00
TOTAL LEVIES 1,529,821.00
BE IT FURTHER RESOLVED by the Lino Lakes City Council that
the general fund operating budget and a Special levy for
Equipment Certificates 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.
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Adopted by the Lino Lakes City Council this 26th day of
December, 1989.
Vernon F. Reinert, Acting Mayor
Marilyn G. Anderson, Clerk -Treasurer
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