HomeMy WebLinkAbout1990-086 Council ResolutionCouncil member Reinert introduced the following resolution
and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 86 - 90
RESOLUTION CERTIFYING THE FINAL 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 principal and interest expenses towards the
Publice 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 final 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 $ 1,717,473.50.
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 57,282.50
Equipment Certificates of 1990 24,417.00
Total General Obligation 231,852.50
Bonded Debt
TOTAL LEVIES 1,717,473.50
Page 1
BE IT FURTHER RESOLVED by the Lino Lakes City Council that
the general fund operating budget and Special levies for
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 this 12th day of
December, 1990.
Marilyn G. Anderson, Clerk -Treasurer
Harold L. Bisel, Mayor
The motion for the adoption of the foregoing resolution was
duly seconded by Neal and upon vote being
taken thereon, the following voted in favor thereof: Neal,
Kuether, Bisel, Reinert, Bohjanen.
The following voted against same: None.
Where upon said resolution was declared duly passed and
adopted:
Page 2
CITY OF_
L,
STATE OF MINNESOTA)
CITY OF LINO LAKES)
COUNTY OF ANOKA)
I, the undersigned, being the duly qualified and acting
Clerk -Treasurer of the City of Lino Lakes, Minnesota, do
hereby certify that I have carefully compared the attached
and foregoing copy of Resolution No. 86 - 90 with the
original thereof on file in my office, and the same is a
full, true and complete copy insofar as the same relates to:
CERTIFYING THE FINAL 1990 TAX LEVY, COLLECTABLE IN 1991
Witness my hand as said Clerk -Treasurer and the Corporate
Seal of the City this 26th day of December, 1990.
Mar lyG. n erson, C erk-Treasurer
(SEAL)
1189 MAIN STREET. LINO LAKES. MINNESOTA 55014 612-464-5562