HomeMy WebLinkAbout1995-108 Council ResolutionCouncil member Elliott
introduced the following
resolution and moved its adoption:
RESOLUTION CITY OF LINO LAKES
NO. 95-108
RESOLUTION CERTIFYING THE PROPOSED 1995 TAX LEVY, COLLECTABLE
IN 1996.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for
General Fund operating costs anticipated in the year 1996, 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 1995 to be spread for taxes due and
payable in the year 1996 including Homestead and Agriculture Credit Aid
(HACA) is the total sum of $3,040,000.00.
2. The total amount above levied is for the following purposed:
GENERAL OPERATING $2,685,794.00
General Bonded Debt
Public Project Revenue Bonds
Equipment Certificates of 1992
Equipment Certificates of 1994
Equipment Certificates of 1995
Total General Obligation Bonded Debt
TOTAL LEVIES
104,055.00
54,679.00
82,688.00
112, 784.00
354,206.00
$1040.000.00
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, 1995.
LET IT BE FURTHER RESOLVED that the total levy will be certified to the County of
Anoka less the certified amount of HCAC for payable 1996.
Total Levy
Less Total HACA
$3,040,000.00
(415,957.00)
Total Levy less HACA 2,624,043.00
Adopted by the Lino Lakes City Council this 1 lth day of September, 1995.
Vernon F. Reinert, Mayor
Marilyn G. derson, Clerk -Treasurer
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: Bergeson, Elliott, Kuether, Reinert.
The following voted against same: None, Council Member Neal was absent.
Where upon said resolution was declared duly passed and adopted: