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RES 1990-95 - 00004023RESOLUTION 95 - 1990 A RESOLUTION DECLARING THE NECESSITY TO LEVY A TAX WHICH APPEARS TO BE IN EXCESS OF 16 MILLS, THE NEED FOR A SPECIAL LEVY, AND CERTIFYING TAX LEVY REQUIREMENTS FOR 1991 TO THE COUNTY OF ANOKA FOR COLLECTION WHEREAS, Chapter Seven, Section 7.02 of the Charter of the City of Fridley, grants the City the power to raise money by taxation pursuant to the laws of the State of Minnesota; and WHEREAS, said Section 7.02 of the City Charter provides that if the taxes levied against property within the City exceeds 16 mills on each dollar of assessed valuation, that the Council shall adopt a resolution showing the necessity for such tax; and WHEREAS, the State of Minnesota has changed the method of computing taxes from "mill levy" to "tax capacity "; and WHEREAS, the State of Minnesota transferred state aid dollars from the city to the school districts to reduce school' district taxes; and WHEREAS, in addition, the State of Minnesota reduced the amount of ' state aid dollars it has previously distributed to cities; and WHEREAS, the City of Fridley needs to levy taxes which appear to be in excess of 16 mills because of the reduction of local government aids by the State of Minnesota; and WHEREAS, the City of Fridley needs to levy a special levy for the unfunded portion of the police pension liability. NOW THEREFORE BE IT RESOLVED that the City Council of the City of Fridley pursuant to three (3) weeks published notice and a public hearing on the 19th day of November, 1990, shall have the authority to levy a tax which may be in excess of 16 mills, and to levy a special levy for the unfunded portion of the police pension liability in 1990 for the year 1991; and BE IT FURTHER RESOLVED that the City of Fridley certify to the County Auditor of the County of Anoka, State of Minnesota, the following tax levy to be levied in 1990 for the year 1991. 1 234 ' GENERAL FUND Levy Subject to Limitation $4,549,107 Special Levy - Unfunded Accrued Liability of the Police Pension Fund Subject to Levy Limitation $ 7,486 Not Subject to Levy Limitation 103.683 111,169 TOTAL GENERAL FUND 4.660.276 CAPITAL PROJECT FUND Capital Improvement Fund Subject to Levy Limitation $ 87,689 AGENCY FUND I Six Cities Watershed Management Organization Subject to Levy Limitation S 3,500 TOTAL ALL FUNDS 4.751.465 ' PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 19TH DAY OF NOVEMBER, 1990. V V WILLIAM J. EE - MAYOR SHIRLEY A. HAAPA - CITY CLERK