97-090 - 12-16 Authorizing a Net Tax Levy for 1998 Resolution 97-90 December 16, 1997
Member LeSuer introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY, MINNESOTA
AUTHORIZING A NET TAX LEVY FOR 1998
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 1998 for the purposes indicated:
General Fund - Personal Services, Operating Expenses and Capital Outlay $6,702,130
Street Improvement Debt Service Fund - Street Improvement Levy 981,075
Bonded Debt:
Certificates of Indebtedness $390,000
1987 Storm Sewer Refunding Bonds 530,000
1988 Street Improvement Bonds 29,805
1990 Street Improvement Bonds 40,815
1991 Street Improvement Bonds 76,455
1992 Street Improvement Bonds 51,150
1995 Street Improvement Bonds 39,700
1996 Street Improvement Bonds 163,995
1,321,920
Total 1998 Gross Tax Levy $9,005,125
Less: Homestead and Agricultural Credit Aid (HACA) (1,736,400)
TOTAL 1998 N ET TAX LEVY $7.268,725
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
1998.
�
Mary E. derson, Mayor
ATTEST:
.
Shirley J. N o , Ci Clerk
Resolution 97-90 - Continued December 16, 1997
The motion for the adoption of the foregoing resolution was seconded by Member Johnson
and upon a vote being taken thereon, the following voted in favor thereof: Anderson,
Johnson, LeSuer, Micks and Russell; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and her signature attested by the City Clerk.