RES 1974-118 - 00007971215
RESOLUTION NO. 118 -1974
A RESOLUTION DETERMINING THE NECESSITY OF AND PROVIDING FOR A TAX LEVY IN 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 Manager a proposed budget of the City of Fridley for the year 1975 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 5th day of August, 1974, 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 9th day of September, 1974 and all persons interested therein were
afforded an opportunity to be heard and make objections, if 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 7th of October, 1974, a budget for the
City of Fridley for the operation of its business during the year 1975 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 7th of October, 1974, it reas-
onably 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 1975
under said budget, is and will be, when computed in accordance with law, in excess
of the normal City Charter limit of ten (10) 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 1975, 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 the
budget of the City for the year of 1975, 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 otherwise be authorized by law,
either under the general law of the State of Minnesota or the City Charter of Fridley.
$ 1,619,244 For the General Fund
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CIT FRIDLEY T DAY OF OCTOBER
1974.
MAYOR - FRANK 4'. B
ATTEST:
` no , �
CITY CLERK - MARVIN C. BR SELL
$
4,900
For
contribution to Public Employees Retirement Fund
$
---- - - - - --
For
Firemen's Relief
$
---- - - - - --
For
Police Fund
$
38,400
For
Debt Service Fund - Civic Center Bonds
$
---- - - - - --
For
Debt Service - Parks
$
For
Debt Service Fund - Improvement Bonds
$
1,662,544
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CIT FRIDLEY T DAY OF OCTOBER
1974.
MAYOR - FRANK 4'. B
ATTEST:
` no , �
CITY CLERK - MARVIN C. BR SELL