HomeMy WebLinkAbout1994-097 Council ResolutionCouncil member Elliott introduced the
following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NUMBER 94-97
RESOLUTION CERTIFYING THE FINAL 1994 TAX LEVY, COLLECTABLE IN 1995.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for
General Fund operating costs anticipated in the year 1995, 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 proposed basis the following upon taxable property
in said City of Lino Lakes, to -wit:
1. Total amount levied in the year 1994 to be spread for taxes due and
payable in the year 1995 (including HACA) is the total sum of
$2,634,350.00.
2. The total amount above levied is for the following purposes:
GENERAL OPERATING $ 2,303,705.00
General Bonded Debt
Public Project Revenue Bonds
Equipment Certificates of 1990A
Equipment Certificates of 1992
Equipment Certificates of 1994
Total General Obligation
Bonded Debt
TOTAL LEVIES
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105,735.00
20, 726.00
111, 626.00
92,558.00
330, 645.00
2,634,350.00
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.
LET IT BE FURTHER RESOLVED that the total levy will be certified to the County of
Anoka less the certified amount of Homestead and Agriculture Credit Aid (HACA) for
payable 1995.
Total Levy
Less Total HACA
$ 2,634,350.00
(434,924.00)
Total Levy Tess HACA 2,199,426.00
Adopted by the Lino Lakes City Council this 12th day of December, 1994.
L�r
Vernon F. Reinert, Mayor
Marilyn Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council
Member Bergeson and upon vote being taken thereon, the following voted in
favor thereof: Bergeson, Elliott, Kuether, Neal, Bergeson
The following voted against same: none.
Where upon said resolution was declared duly passed and adopted:
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