HomeMy WebLinkAbout1999-066 Council ResolutionCouncil member Dahl
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 99-66
RESOLUTION CERTIFYING THE PROPOSED 1999 TAX LEVY, COLLECTABLE IN 2000.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund
operating costs anticipated in the year 2000, 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 1999 to be spread for taxes due and payable in the year
2000 (without HACA) is $4,187,526.
2. The total amount above levied (without HACA) is for the
GENERAL OPERATING
General Bonded Debt
Public Project Revenue Bonds 1992
Civic Complex Bond 1998A
G.O. Improvement Bond 1998B
Equipment Certificates of 1997
Equipment Certificates of 1998
Equipment Certificates of 1999
Total General Obligation Bonded Debt
TOTAL LEVIES
following purposes:
$3,307,877
132,947
300,172
138,932
76,457
98,481
132,660
$ 879,649
$4.187.526
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
department budgets are subject to preliminary approval by the City Council and shall be authorized by
separate action.
Page 2
BE IT FURTHER RESOLVED that regardless of outside factors impacting tax rates, the
city council of the City of Lino Lakes remains firmly committed to the delivery of
mandated and other important services at a cost within established levy limits in order
to hold down property taxes of the citizens of the city.
BE IT FINALLY RESOLVED that an official copy of this adopted resolution be filed with
the Anoka County Auditor.
Adopted by the Lino Lakes City Council this 13th day of September, 1999.
6//d0d-
Ry-chef Gaustad, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council
Member Neal and upon vote being taken thereon, the following voted in favor
thereof: All
The following voted against same:
None
Where upon said resolution was declared duly passed and adopted: