HomeMy WebLinkAbout1992-146 Council ResolutionCouncil member Kuether introduced the
following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 146
RESOLUTION CERTIFYING THE FINAL 1992 TAX LEVY, COLLECTABLE IN
1993.
WHEREAS,
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,
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 final 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 $ 2,073,987.00.
2. The total amount above levied is for the following
purposes:
GENERAL OPERATING $ 1,776,369.00
General bonded Debt
Public Project Revenue
Equipment Certificates
Equipment Certificates
Equipment Certificates
Equipment Certificates
Bonds
of 1989
of 1989B
of 1990A
of 1991A
Total General Obligation
Bonded Debt
TOTAL LEVIES
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81,139.00
72,639.00
71,316.00
22,084.00
50,440.00
297,618.00
2,073,987.00
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 final
approval by the City Council and shall be authorized by
separate action.
Adopted by the Lino Lakes City Council this 10th day of
December, 1992.
Vernon F. Reinert, Mayor
A
Marilyn G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was
duly seconded by Elliott and upon vote being
taken thereon, the following voted in favor thereof: Bergeson,
Elliott, Kuether, Neal, Reinert.
The following voted against same: None
Where upon said resolution was declared duly passed and
adopted:
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