HomeMy WebLinkAbout1998-168 Council ResolutionCouncil Member Bergeson
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 98-168
RESOLUTION CERTIFYING THE FINAL 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, Civic Complex Bonds, and Road Improvement 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 final 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 $3,699,918.
2. The total amount above levied (without HACA) is for the following purposes:
GENERAL OPERATING $2,926,261
General Bonded Debt
Public Project Revenue Bonds of 1990
Civic Complex Bonds of 1998
Road Improvement Bonds of 1998
Equipment Certificates of 1996
Equipment Certificates of 1997
Equipment Certificates of 1998
Total General Obligation Bonded Debt
TOTAL LEVIES
110,034
252,284
131,237
79,278
79,278
121,546
$ 773,657
$3,699,918
BE IT FURTHER RESOLVED by the Lino Lakes City Council that the general fund operating budget and
special levies for Public Project Revenue Bonds, Civic Complex Bonds, Road Improvement Bonds and
Equipment Certificates as reviewed by the City Council represent the basis for this levy. Individual
department budgets are subject to preliminary approval by the City Council and shall be authorized by
separate action.
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Adopted by the Lino Lakes City Council this 14th day of December 1998.
Marilyn G. nderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Gi`SifftX9IX Mayor Sullivan.
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Dahl, Neal, Sullivan.
The following voted against same: Council Member Lyden.
Where upon said resolution was declared duly passed and adopted: