HomeMy WebLinkAbout5.F.7. Canceling Debt Service Levy for 2007/08-Res. No. 6645
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I City of Shakopee
I Memorandum CONSENT
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TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
RE: Canceling Debt Service Levy for 2007/08
DATE: September 1, 2007
Introduction
Resolution No. 6645 cancels the debt service levy for the Public
Works building bond issue.
Background
Attached is the resolution canceling the debt service levy for
taxes payable in 2008 for the public works building. The
Internal Service Building Fund and the Capital Projects Public
Works Building rund will transfer money to the debt service fund
in 2007.
Requested Action
Offer Resolution No. 6645 A Resolution Canceling Debt Service
Levy For 2007/08, and move its adoption.
}IV
Gregg Voxland
Finance Director
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RESOLUTION NO. 6645
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A RESOLUrION CANCELING DEBT SERVICE LEVY FOR 2007/08
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE,
COUNTY OF SCOTT, MINNESOTA, that the following debt service
levies are candeled:
2004D Capital Improvement Bonds $467,649.00
BE IT FURTHER RESOLVED that the following irrevocable transfer be
made from the Internal Service Building Fund to the respective
debt service fund in 2007:
2004D Capital Improvement Bonds $13,000.00
BE IT FURTHER RESOLVED that the following irrevocable transfer be
made from the Public Works Building Fund to the respective debt
service fund in'2007:
2004D Capital Improvement Bonds $410,097.52
BE IT FURTHER RESOLVED, that the City Clerk is hereby
instructed to transmit a certified copy to this resolution to the
County Auditor of Scott County, Minnesota.
Adopted in session of the City Council of the City of
Shakopee, Minnesota held this day of September, 2007.
Mayor of the City of Shakopee
ATTEST:
City Clerk