1998-057CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 98-57
RESOLUTION APPROVING PROPOSED 1998 TAX LEVY
COLLECTIBLE IN 1999, ADOPTING THE PRELIMINARY 1999 BUDGET,
AND SETTING PUBLIC HEARING DATES
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HOPKINS, MINNESOTA, that the
following sums of money be levied for the current year collectible in 1999 upon the taxable property in
said City of Hopkins, for the following purposes.
General Fund $4,657,615
Equipment Replacement Fund $ 485,000
General Obligation Bonds $ 240,000
Improvement Bonds 90 000
Total Levy $5,472,615
This levy is made based on current law and the 1999 General Fund Budget of $6,795,095.
Provision has been made for the payment of the City's contributory share to the Public Employees
Retirement Association.
Provision has also been made for the payment of principal and interest on the following bond issues:
Redevelopment Bonds 1-1-97
G.O. Sewer Revenue Bonds 12-1-89 & Refunded 10-15-93
Redevelopment Bonds 12-1-89 & Refunded 10-15-93
Park Bonds 3-1-90* & Refunded 10-15-93*
Refunding Bonds 3-1-90 & Refunded 10-15-93
*Levy
Improvement Revolving Bonds 3-1-90*
Redevelopment Bonds 10-1-96
Refunding Bonds (Taxable) 2-1-92
Improvement Revolving Bonds 8-1-92*
Housing Bonds 9-1-95
Housing Bonds 6-1-97
Public hearing date for the 1999 budget is December 7, 1998, with a continuation date of December 14,
1998, if necessary.
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 at a regular meeting of the Council held this 1st day
of September, 1998.
~ ATTEST:
~\ ~/
`Terry Ob~iaier City Clerk