2007-058CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION N0.2007-059
RESOLUTION APPROVING DEBT SERVICE LEVIES FOR 2008 TAX LEVY,
AT LEVELS UNDER THOSE REQUIRED IN TFIE BOND COVENANTS
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, alternative revenue sources for the Capital Improvement Bonds and available
reserves within all debt service funds listed below that the debt service levies for 2008 for the following
issues be levied at amounts less than that provided by the bond covenants.
Net Debt
Bond Issue Service Levy
$850,000 G.O. Permanent Improvement Revolving Bonds of 1999D $ 26,000
$820,000 G.O. Refunding Bonds of 2001 -Park & Rec of 1992 $150,000
$960,000 G.O. Permanent Improvement Revolving Bonds of 2002E $ 59,000
$9,920.000 G.O. Capital Improvement Bonds of 2007A $642,000
$1,955,000 G.O. Permanent Improvement Bonds of 2007B $175,000
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 4tl' day of September 2007.
By
ugei axwell, Mayor
ATTEST:
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G~~G~i~i
- Terry ermaier, City Clerk