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<br />I <br />"I <br /> <br />..~ ~'~:; <br /> <br />RESOLUTION NO. 8 9 - 7 5 <br /> <br />State of Minnesota <br />County of Ramsey <br />City of New Brighton <br /> <br />RESOLUTION AUTHORIZING Burx;Er CHANGE FOR ALLOCATION OF TAXES FOR BONDED DEBT <br /> <br />Whereas, the City is pe:rmi tted to wake a property tax levy to assist in the <br />payment of bonded debt; <br /> <br />Whereas, in the 1989 Annual Budget a levy was authorized for the 1983 <br />Special Assessment Bonds; <br /> <br />Whereas, the levy will be of greater benefit to the 1986 General Obligation <br />Bonds; <br /> <br />Whereas, the City has the authority to redistribute the debt levy between <br />bond issues; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. 'llie 1989 property tax levy for the 1983 Special Assessment Bonds <br />shall be reappropriated to the 1986 General Obligation Bonds. 'llie <br />amount reappropriated will be $93,000. <br /> <br />2. Future tax levies shall be adjusted to take into consideration <br />this reappropriation. <br /> <br />Adopted this 23 r d <br /> <br />day of <br /> <br />May. 1989 <br /> <br />~ <br />~f'rl,~ <br /> <br />David M. Childs, City Manager <br /> <br />ATi'EsT: <br /> <br />~_. <br />. " . - . .... . ::: <br />Margi:i;L t l;'-;' Egan <br />-Financ;e Di:rector <br />City Clerk <br />