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88-135 . e e e CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 12, 1988 RESOLUTION NO: 88-135 MOTION BY: Geving SECONDED BY: Horn A RESOLUTION ADOPTING THE 1989 BUDGET, AND ESTABLISHING TAX LEVIES FOR 1989 BE IT RESOLVED By the City Council of the City of Chanhassen that the 1989 Budget for the City of Chanhassen is hereby adopted in the aggregate revenue and expenditure amounts of $ and $ respectfully, such being further detailed in the 1989 Budget document which is hereby made a part hereof~ and BE IT RESOLVED That the following sums of money have been scheduled as "Certified Levies" as a part of the bond resolutions originally passed for such bond debt - such to be levied in 1988 for collection in 1989 upon the taxable property in said City of Chanhassen and as shown in this resolution~ and BE IT RESOLVED That the City Council of the City of Chanhassen hereby determines that certain bonded indebtedness levies are hereby adopted to meet current and future bond requirements and that the County Auditor is hereby authorized and directed to increase or reduce the previously adopted bonded debt levies as shown below~ and BE IT RESOLVED That the City of Chanhassen hereby establishes a revised 1988 Budget as the official control for the City of Chanhassen for 1988 as shown in the before hereto adopted 1989 Budget under the column shown as "1988 Estimated" Budget for each of the operation funds of the City. NOW, THEREFORE, BE IT RESOLVED Tnat the City of Chanhassen hereby authorizes the County Auditor to levy the following amounts upon taxable property in the City of Chanhassen, in accordance with the heretofore established budget and bonded debt findings in 1988, for collection in 1989, as setforth below: e e Increases 1989 Certified (Decreases) Taxes To Levy to Levy Be Levied Fund General Fund $ 1,448,000 -0- $ 1,448,000 Special Revenue Bonds Fire Relief 18,000 -0- 18,000 Recy1ing Program 30,000 -0- 30,000 General Bonded Debt Municipal Building Bonds 153,400 -0- 153,400 Equipment Certificates of 1983 30,000 -30,000 -0- 1988 Fire Equipment Bonds 130,000 -0- 130,000 Equip. Certificates of 1986 58,900 1,100 60,000 Equip. Certificates of 1987 60,000 -1,500 58,500 Equipment Note of 1988 105,000 -0- 105,000 Total General Obligation Bonded Debt $537,300 $ -30,400 $ 506,900 Special Assessment Bonded Debt Bonds of 1972/73 150,000 -150,000 -0- Refunding Bonds of 1983 85,000 - 85,000 -0- G.O. Bonds of 1986 148,000 -35,000 113,000 Total Special Assessment Debt Funds $383,000 $270,000 $113,000 TOTAL DEBT LEVIES $920,300 -$300,400 $619,900 TOTAL LEVIES $2,416,300 -$300,400 $2,115,900 Passed and adopted by the Chanhassen City Council this 12th day of , 1988. December ATTEST: n,~ Don Ashworth, City Clerk/Manager YES NO ABSENT Hamilton None None Horn Johnson . Boyt Geving