1997-88B
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 97-88
RESOLUTION APPROVING PROPOSED 1997 TAX LEVY
COLLECTIBLE IN 1998, ADOPTING THE PRELIMINARY 1998 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 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
$4,495,484
$ 485,000
$ 240,000
$ 90,000
$5,310,484
This levy is made based on current law and the 1998 General Fund Budget of$7,091,300.
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
Public hearing date for the 1998 budget is December 15, 1997.
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
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 2nd day
of September, 1997.