HomeMy WebLinkAbout1996-159 Council ResolutionCouncil member Neal introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 96-159
RESOLUTION CERTIFYING THE FINAL 1996 TAX LEVY, COLLECTABLE IN 1997.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund
operating costs anticipated in the year 1997, 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 1996 to be spread for taxes due and payable in the year
1997 (including HACA) is the total sum of $3,349,400.
2. The total amount above levied is for the following purposes:
GENERAL OPERATING $3,027,448
General Bonded Debt
Public Project Revenue Bonds 118,112
Equipment Certificates of 1995 97,944
Equipment Certificates of 1996 105,896
Total General Obligation Bonded Debt $ 321,952
TOTAL LEVIES $3,349,400
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 1997.
Total Levy $3,349,400
Less Total HACA (421, 891)
Total Levy less HACA $2,927,509
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Adopted by the Lino Lakes City Council this 16th day of December, 1996.
Marilyn G. Anderson, Clerk -Treasurer
n Landers - Mayor
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Lyden,
Landers.
The following voted against same: None, Council Member Kuether was absent
Where upon said resolution was declared duly passed and adopted:
Lyden
Neal