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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