1997-120
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CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA.
RESOLUTION 97-120
RESOLUTION APPROVING 1997 TAX LEVY
COLLECTIBLE IN 1998 AND ADOPTING THE 1998 BUDGET
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 1998 upon the taxable property in
said City of Hopkins, for the following purposes.
General Fund
Equipment Replacement Fund
General Obligation Bonds
Improvement Bonds
Total Levy
Proposed
$4,379,184
$ 485,000
$ 240,000
$ 90.000
$5,194,184
This levy is made based on current law and the 1998 General Fund Budget of $6,975,000.
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
Improvement Revolving Bonds 3-1-90*
*Levy
Refunding Bonds (Taxable) 2-1-92
I}llprovement Revolving Bonds 8-1-92*
Redevelopment Bonds C 10-1-96
Redevelopment Bonds D 10-1-96
Housing Bonds 9-1-95
Housing Bonds 6-1-97
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 the levy adoption hearing of the Council held this
16th day of December, 1997.
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