HomeMy WebLinkAbout1998-143 Council ResolutionCouncil member introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 98-143
RESOLUTION CERTIFYING THE PROPOSED 1998 TAX LEVY, COLLECTABLE IN 1999.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund
operating costs anticipated in the year 1999, 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 Complex
Bonds, and
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards the G.O
Improvement Bonds of 1998B, 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 1998 to be spread for taxes due and payable in the year
1999 (without HACA) is $3,950,227.
2. The total amount above levied (without HACA) is for the following purposes:
GENERAL OPERATING $3,172,531
General Bonded Debt
Public Project Revenue Bonds 110,608
Civic Complex Bond 1998A 253,601
G.O. Improvement Bond 1998B 131,922
Equipment Certificates of 1996 79,692
Equipment Certificates of 1997 79,692
Equipment Certificates of 1998 122,181
Total General Obligation Bonded Debt $ 777,696
TOTAL LEVIES $3,950,227
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, Civic Complex Bond and G.O.
Improvement Bonds of 1998B as reviewed by the City Council represents the basis for this levy. Individual
RESOLUTION NO. 98 - 143
Page -2-
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 24th day of August , 1
Page 2
Ma ilyn G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Dahl
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Dahl, Lyden,
Neal, Sullivan.
The following voted against same: none.
Where upon said resolution was declared duly passed and adopted:
CERTIFICATION OF RESOLUTION NO. 98 - 143
STATE OF MINNESOTA)
COUNTY OF ANOKA )
CITY OF LINO LAKES )
I, the undersigned, being the duly qualified Clerk -Treasurer of the City of Lino Lakes,
Minnesota, do hereby certify that I have carefully compared the attached and foregoing
copy of Resolution No. 98 - 143 with the original thereof on file in my office, and the
same is a full, true and complete copy insofar as the same relates to:
CERTIFYING THE PROPOSED 1998 TAX LEVY, COLLECTABLE IN 1999.
Witness my hand as said Clerk -Treasurer and the Corporate Seal of the City this 16th day
of September, 1998.
M ilyn G. Anderson, Clerk -Treasurer
(SEAL)
1189 Main Street • Lino Lakes, Minnesota • 55014
Phone/TDD: 651-364-5562 • Fax: 651-464-4568