95-085 - 12-19 - Authorizing a Net Tax Levy for 1996 Resolution 95-85 December 19, 1995
Member Tremere introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY, MINNESOTA
AUTHORIZING A NET TAX LEVY FOR 1996
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota as
follows:
1. There is hereby approved a General Tax Levy for 1996 for the purposes
indicated:
General Fund Personal Services, Operating Expenses $6,440,875
and Capital Outlay
Street Improvement Debt Service Fund - 905,000
Street Improvement Levy
Bonded Debt:
1967 & 1969 Park & Recreation Area Bonds $ 45,000
Certificates of Indebtedness 350,000
1987 Storm Sewer Refunding Bonds 500,000
1988 Street Improvement Bonds 38,735
1990 Street Improvement Bonds 44,275
1991 Street Improvement Bonds 81,465
1992 Street Improvement Bonds 60,605
1.120.080
Total Gross 1996 Tax Levy $8,465,955
Less: Homestead and Agricultural Credit Aid (1.701,695�
(HACA)
Total 1996 Net Tax Levy $6,764.260
2. That the City Clerk shall cause a copy of this resolution to be certified to the
County Auditor so that said sum shall be spread upon the tax rolls and will be
payable in the year 1996.
Resolution 95-85 - Continued December 19, 1995
Blair Tremere, Mayor
ATTEST:
Shirley J. Nelson, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member
Thompson and upon a vote being taken thereon, the following voted in favor thereof:
Johnson, Russell, Thompson and Tremere; and the following voted against the same:
Micks, whereupon said resolution was declared duly passed and adopted, signed by the
Mayor and his signature attested by the City Clerk.