RES 1972-116 - 00008500222
RESOLUTION NO. 116 1972
A RESOLUTION DETERMINING THE NECESSITY OF AND PROVIDING FOR A TAX LEVY IN I
EXCESS OF NORMAL CITY CHARTER TAX LIMITS
BE IT RESOLVED, By the Council of the City of Fridley as follows:
SECTION 1: That the Council of the City of Fridley heretofore received from the
City 11anager a proposed budget of the City of Fridley for the year 1973 which
proposed budget when examined evidenced the necessity of an additional tax levy
in excess of the City Charter limits and, accordingly, there was then adopted on
the llth day of September, 1972, a resolution declaring the necessity for an
additional tax levy and specifying the purpose for which such additional tax
levy is required.
FURTHER, The Council proceeded to hold public hearings pursuant to three
(3) weeks published notice in the official newspaper of the City. That such
public hearing was held on the 2nd day of October, 1972, and all persons interested
therein were afforded an opportunity to be heard and make objections, if any
there be, to the budget as then proposed. That after such hearing and after full
discussion of the contents of the budget and all objections thereto the Council
further proceeded to correct and amend the budget in such way as was deemed
necessary by the Council to be in the best interests of the City; and after such
corrections and amendments the Council did pass and adopt by Ordinance on first
reading on the October 2 , 1972, a budget for the City of Fridley, '
for the operation of its business during the year 1973 a copy of which budget is
attached hereto for reference purposes as EXHIBIT "A ".
- SECTION 2: Further, upon the examination of such budget originally proposed,
corrected, and amended'and adopted by the City of Fridley on the _2nd da of
1972, it reasonably appears, and the Council does not find that
the tax levy necessary to provide monies for the operation of the business of the
City of Fridley during the year 1973 under said fiudget, is and will be, when
computed in accordance with law, in excess of the normal City Charter limit of
thirty (30) mills on each dollar of the assessed valuation of the property in the
City, but that, nevertheless, it is reasonable and to the best interest of the
City in order to provide for the proper operation of the business and functions
of the City during the year of 1973, to exceed such normal City Charter tax levy
limit, and to levy taxes thereof sufficient to provide the monies necessary to
the operation of the business of the City in accordance with said budget.
SECTION 3: That to provide money in accordance with the needs and purposes of
t e budget of the City for the year of 1973, taxes shall be levied in accordance
with law sufficient to provide monies provided for any purpose herein shall be
appropriated to and used for any other purpose, except as might ouierwise be
authorized by law, either under the general law of the State of Minnesota or the
City Charter of Fridley.
L
X23
PR. 10 -5 -72
RESOLUTION NO. 116 (Continued)
$ 1,075,464 For the General Fund
53,954 For Contribution to Public Employees
Retirement Fund
13,776 For Firemen's Relief
49,992 For Police Pension Fund
40,000 For Debt Service Fund -Civic Center Bonds
27,200 For Debt Service -Parks
NONE For Debt Service Fund - Improvement Bonds
$ 1,260,386
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
2nd DAY OF October 1972.
POCA464
MAYOR - FRANK . L? EL
ATTEST:
C
CITY C E - MARVIN C. BR ELL