HomeMy WebLinkAbout1993-099 Council ResolutionCouncil member Kuether introduced the
following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 99-93
RESOLUTION CERTIFYING THE FINAL 1993 TAX LEVY, COLLECTABLE IN
1994.
WHEREAS, the City of Lino Lakes is in need of certain funds
to pay expenditures for General Fund operating costs
anticipated in the year 1994, 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 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 1993 to be spread
for taxes due and payable in the year 1994 is the
total sum of $ 2,268,950.00
2. The total amount above levied is for the following
purposes:
GENERAL OPERATING $ 1,955,862.00
General Bonded Debt
Equipment Certificates of 1989 67,819.00
Equipment Certificates of 1989B 67,190.00
Public Project Revenue Bonds 107,389.00
Equipment Certificates of 1990A 20,889.00
Equipment Certificates of 1991A 49,801.00
Total General Obligation 313,088.00
Bonded Debt
TOTAL LEVIES 2,268,950.00
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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.
LET IT BE FURTHER RESOLVED that the total levy will be
certified to the County of Anoka less the certified amount of
Homestead and Agriculure Credit Aid (HACA) for payable 1994.
Total Levy
Less Total HACA
Total Levy less HACA
$2,268,950.00
(427,284.00)
$1,841,666.00
Adopted by the Lino Lakes City Council this 13th day of
December, 1993.
Vernon F. Reinert, Mayor
Marilyn G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was
duly seconded by Council Member Neal 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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