2006-067CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION N0.2006-067
RESOLUTION APPROVING DEBT SERVICE LEVIES FOR 2007 TAX LEVY,
AT LEVELS UNDER THOSE REQUIRED 1N THE BOND COVENANT
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA,
That based upon staff analysis of specials assessments currently levied for Permanent
Improvement Bonds and available reserves within all debt service funds listed below that the debt
service levies for 2007 for the following issues be levied at amounts less than that provided by the bond
covenants.
Net Debt
Bond Issue Service Lew
$850,000 G.O. Permanent Improvement Revolving Bonds of 1999D $ 26,000
$1,305,000 G.O. Refunding Bonds of 2001 - Improv Rev of 1993D $ 62,000
$820,000 G.O. Refunding Bonds of 2001 -Park & Rec of 1992 $175,000
$960,000 G.O. Permanent Improvement Revolving Bonds of 2002B $ 59,000
BE IT FURTHER RESOLVED that the City Clerk is hereby ordered and directed to transmit a certified copy of
this resolution to the County Auditor of Hennepin County, Minnesota.
Adopted by the City Council of the City of Hopkins this 3rd day of October 2006.
ATT ST:
Te Obermaier, City Clerk
By
gen axwell, Mayor