HomeMy WebLinkAbout1997-117A Council ResolutionCouncil member introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 97-117/
RESOLUTION CERTIFYING THE PROPOSED 1997 TAX LEVY, COLLECTABLE IN 1998.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund
operating costs anticipated in the year 1998, 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 in need of certain funds to pay expenses towards the City Facilities
Revenue Bonds, and
WHEREAS, the City of Lino Lakes is 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 1997 to be spread for taxes due and payable in the year
1998 (without HACA) is $3,167,823.
2. The total amount above levied (without HACA) is for the following purposes:
GENERAL OPERATING $2,889,626
General Bonded Debt
Public Project Revenue Bonds
Equipment Certificates of 1996
Equipment Certificates of 1997
Total General Obligation Bonded Debt
TOTAL LEVIES
111,085
73,663
93,449
$ 278,197
$3,167,823
BE IT FURTHER RESOLVED by the Lino Lakes City Council that the general fund operating budget and
special levies for Equipment Certificates, Public Project Revenue Bonds, and Public Facilities Bond 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.
Adopted by the Lino Lakes City Council this 11th day of September, 1997.
Page 2
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:
The following voted against same:
Where upon said resolution was declared duly passed and adopted: