RES 1973-134 - 000082241
217
RESOLUTION NO. 134 1973
A RESOLUTION DETERMTNING 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 1974 which
proposed budget when examined evidence the necessity of an additional tax levy
in excess of the City Charter limits, and, accordingly, there was then adopted 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 17 day of September, 1973, 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 t':_e 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 tsf aa.7 of ort- , 1973 a budget for the City of Fridley
for the operation of its business during the year 1974 a copy of which budget is
attached hereto for reference purposes as EXHIBIT "A ".
SECTION 2 :'t�Purther, upon;tha_Bxamination of such budget originally proposed,
corrected, and amenderd and adopted by the City of Fridley on the 1st day of
Oct_, 19/3, 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 1974 under said budget, it 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 bast interest of the
City in order to provide for the proper operation of the business and functions
of the City during the year of 1974, 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 1974, taxes shall be levied in accordance
with law sufficient to provide monies 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 CharLeL of Fridley.
218
RESOLUTION
NO. 134 1913
Page 2
$
121781854
For the General Fund
$
95,895
For Contribution to Public Employees
Retirement Fund
$
None
For Firemen's Releif
$
75,723
For Poiicc Fund
$
39,200
For Debt Service Fund -Civic Center
Bonds
$
None
For Sebt Service - Parks
$
None
For Debt Service Fund - Improvement
Bonds
$
1,389,672
PASSED AND
ADOPTED BY THE CITY
COUNCIL OF THE CITY OF FRIDLEY THIS
1ST
DAY OF
OeTOBER 1973. n
nATTEST:
CITY- Marvin C. Brunsell
Iu1:P(�F7