HomeMy WebLinkAbout1990-066 Council ResolutionCouncil member Bohjanen introduced the
following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 66 - 90
RESOLUTION CERTIFYING THE PRELIMINARY 1990 TAX LEVY,
COLLECTABLE IN 1991.
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 1991, 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 in need of certain funds
to pay expenses towards the Public Project Revenue
Bonds ,
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 amount levied in the year 1990 to be spread
for taxes due and payable in the year 1991 is in the
total sum of $ 1,862,721.00
2. The total amount above levied is for the following
purposes:
LEVY LIMIT $ 1,485,621.00
General bonded Debt
Equipment Certificates of 1989 82,278.00
Equipment Certificates of 1989B 67,875.00
Public Project Revenue Bonds 114,947.00
Equipment Certificates of 1990(E) 112,000.00
Total General Obligation 377,100.00
Bonded Debt
TOTAL LEVIES 1,862,721.00
BE IT FURTHER RESOLVED by the Lino Lakes City Council that
the general fund operating budget and Special levies for
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Equipment Certificates and the Public Project Revenue Bonds
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, 1990.
Adopted by the Lino Lakes City Council thisth day of
-e/
August, 1990.
Marilyn G. Anderson, Clerk -Treasurer
Harold L. Bisel, Mayor
The motion for the adoption of the foregoing resolution was
duly seconded by Council Member Kuether and upon vote being
taken thereon, the following voted in favor thereof: Kuether, Bisel
Reinert, Bohj.anen.
The following voted against same: None, Council Member Neal was absent.
Where upon said resolution was declared duly passed and
adopted:
(E) - Denotes estimated levy amount
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