HomeMy WebLinkAbout1992-119 Council ResolutionCouncil member Elliott introduced the
following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 119
RESOLUTION CERTIFYING THE PRELIMINARY 1992 TAX LEVY,
COLLECTABLE IN 1993.
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenditures for General Fund operating costs
anticipated in the year 1993, 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 not restricted by levy
limitations imposed 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 1992 to be spread
for taxes due and payable in the year 1993 is in the
total sum of $ 2,095,000.00
2. The total amount above levied is for the following
purposes:
GENERAL OPERATING $ 1,797,382.00
General bonded Debt
Equipment Certificates
Equipment Certificates
Public Project Revenue
Equipment Certificates
Equipment Certificates
of 1989
of 1989B
Bonds
of 1990A
of 1991A
Total General Obligation
Bonded Debt
TOTAL LEVIES
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72,639.00
71,316.00
81,139.00
22,084.00
50,440.00
297,618.00
2,095,000.00
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
preliminary approval by the City Council and shall be
authorized by separate action before September 15, 1992.
Adopted by the Lino Lakes City Council this 14th day of
September, 1992.
Vernon F. Reinert, Mayor
Ma ilyn G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was
duly seconded by Bergeson and upon vote being
taken thereon, the following voted in favor thereof: Neal,
Kuether, Reinert, Elliott, Bergeson.
The following voted against same: None.
Where upon said resolution was declared duly passed and
adopted:
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