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98-118 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 28, 1998 RESOLUTION NO: 98-118 MOTION BY: Senn SECONDED BY: Mancino A RESOLUTION ADOPTING THE 1999 BUDGET, AND ESTABLISHING TAX LEVIES FOR 1999 BE IT RESOLVED by the City Council of the City of Chanhassen that the 1999 Budget for the City of Chanhassen is hereby adopted in the aggregate revenue and expenditure amounts of $11,078,124 and $10,899,091, respectively, such being further detailed in the 1999 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 1998 for collection in 1999 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 on the attached Tax Levy Certification document. BE IT RESOLVED that the City of Chanhassen hereby establishes a revised 1998 Budget as the official control for the City of Chanhassen for 1998 as shown in the before hereto adopted 1999 Budget under the column shown as "1998 Estimated" Budget for each of the operational funds of the City. NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen hereby authorizes the County Auditor to levy the amounts, as shown on the attached Tax Levy Certification document, upon taxable property in the City of Chanhassen, in accordance with the heretofore established budget and bonded debt findings in 1998 for collection in 1999, as setforth on the attached Tax Levy Certification document. Passed and adopted by the Chanhassen City Council this 28th day of December, 1998. ATTEST: Todd Gerhardt, Acting City Manager Nancy K. Mancino, Mayor YES NO ABSENT Mancino Berquist Engel Senn None Mason