HomeMy WebLinkAbout5.C. Canceling Debt Service Levies for 2003/2004-Res. No. 5950
City of Shakopee
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
RE: Canceling Debt Service Levies For 2003/04
DATE: September 2, 2003
Introduction
Resolution No. 5951 cancels debt service levies for certain bond
issues that have currently have adequate funding.
Background
Attached is the resolution canceling debt service levies for
taxes payable in 2004. No provision is made for a tax levy in
pay 2004 for the upcoming improvement bond issue in 2004.
Requested Action
Offer Resolution No. 5950 A Resolution Canceling Debt Service
Levies For 2003/04, and move its adoption.
GreVVOXland
Finance Director
g:\budget03\budresD4
RESOLUTION NO. 5950
A RESOLUTION CANCELING DEBT SERVICE LEVIES FOR 2003/04
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE,
COUNTY OF SCOTT, MINNESOTA, that the following debt service
levies are canceled:
1995A Improvement Bonds $ 62,274
1996A Improvement Bonds 64,173
1998B Improvement Bonds 61,866
BE IT FURTHER RESOLVED, that the following tax levies be made for
taxes payable in 2004:
1995B GO Storm Revenue Bonds $156,309
1997 Building Bonds 265,217
1997B Improvement Bonds 30,151
2000A Improvement Bonds 55,032
2002A Improvement Bonds 93,332
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,
2003.
Mayor of the City of Shakopee
ATTEST:
City Clerk