HomeMy WebLinkAbout77-55Date: 6 September, 1977
Motion by Emond
CITY OF LAKEVILLE
RESOLUTION
Resolution No. 77-55
Seconded by Zaun
RESOLUTION ADOPTING AN AD VALOREM TAX LEVY
WHEREAS, Minnesots Statutes annotated 475.61 requires the City to
provide revenues sufficient to meet 105% of annual debt service requirements,
and
WHEREAS, the attached schedule represents 105% of debt service re-
quirements less the project annual special assessment revenues, and
WHEREAS, the special assessment debt service funds allow for levy
of an ad valorem tax to meet bond obligations, and
WHEREAS, such levies can be adjusted for any future changes in re-
venue projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,
Minnesota, that the Clerk shall forthwith transmit a certified duplicate of
this resolution and attached schedule of ad valorem taxes for certain years
for certain bond issues, to the County Auditor to be extended on the proper
tax lists of the County and such taxes shall be collected and paid over in the
same manner as other municipal taxes.
1977.
ATTEST
ADOPTED by the City Council this
C
atrick E. McGarvey, City Clerk
6th day of September ,
Ej.'�J� 0, )
Edward J. Mako, M or