89-062
.
.
.
RESOLUTION NO.
RESOLUTION APPROVING THE 1990 PROPOSED
GENERAL FUND BUDGET AND THE 1989 PRELIMINARY
PROPERTY TAX LEVY COLLECTIBLE IN 1990
WHEREAS, staff has presented the proposed General Fund Budget for 1990,
and,
WHEREAS, the City Council and Financial Advisory Board have met to review
the budget,
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Shorewood
that the 1990 proposed General Fund Budget is hereby approved at
a total amount of $2,086,671. A preliminary amount of $1,521,071
will be raised by tax upon the taxable property in the City of
Shorewood for the following purposes:
General Purposes
G.O. Water Revenue Bonds
Total Property Tax Levy
$1,503,947
17,125
1,521,072
ALSO RESOLVED that, in the event a special session of the Minnesota
Legislature be called by Governor Rudy Perpich for reasons of
adopting and enacting new property tax legislation, the City
Council, upon reviewing such legislation, may revise the 1990
General Fund Budget and 1989 Property Tax Levy, payable in 1990,
to comply with the new legislation.
Adopted by the City Council of the City of Shorewood this 24th day of
July, 1989.
Sandra L. Kennelly
City Clerk