HomeMy WebLinkAbout1991-089 Council ResolutionCouncil member Bohjanen introduced the
following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 89-91
RESOLUTION CERTIFYING THE PRELIMINARY 1991 TAX LEVY,
COLLECTABLE IN 1992.
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 1992, and
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenses towards Certificate of Indebtedness'
obligations, and
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenses towards the Public Project Revenue
Bonds, 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 amount levied in the year 1991 to be spread
for taxes due and payable in the year 1992 is in the
total sum of $ 1,865,187.75
2. The total amount above levied is for the following
purposes:
LEVY LIMIT $ 1,557,076.00
General bonded Debt
Equipment Certificates
Equipment Certificates
Public Project Revenue
Equipment Certificates
Equipment Certificates
of 1989
of 1989B
Bonds
of 1990A
of 1991A(E)
Total General Obligation
Bonded Debt
TOTAL LEVIES
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77,458.00
69,791.00
81,139.00
23,260.00
56,463.75
308,111.75
1,865,187.75
BE IT FURTHER RESOLVED by the Lino Lakes City Council that
the general fund operating levy 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 30, 1991.
Adopted by the Lino Lakes City Council this 29th day of
August, 1991.
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: Neal,
Kuether Bisel, Reinert, Bohjanen.
The following voted against same: none.
Where upon said resolution was declared duly passed and
adopted:
(E) - Denotes estimated levy amount
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