HomeMy WebLinkAbout1995-184 Council ResolutionCouncil member Kuether introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95-184
RESOLUTION CERTIFYING THE FINAL 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 HACA) is the total sum of $3,040,000.
2. The total amount above levied is for the following purposes:
GENERAL OPERATING $2,685,794
General Bonded Debt
Public Project Revenue Bonds 104,055
Equipment Certificates of 1992 54,679
Equipment Certificates of 1994 82,688
Equipment Certificates of 1995 112,784
Total General Obligation Bonded Debt $ 354,206
TOTAL LEVIES $3,040,000
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 1996.
Total Levy
Less Total HACA
Total Levy less HACA
$3,040,000
(415,957)
$2,624,043
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Adopted by the Lino Lakes City Council this 18th day of December, 1995.
Vemon F. Reinert, Mayor
I
Marilyn . Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council Member 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: