78-5917RLO
RESOLUTION N0.5917
RESOLUTION AUTHORIZING ADDITIONAL TAX LEVY
AS PERMITTED BY MINNESOTA STATUTES, SECTION 275.52, SUBDIVISION 5
WHEREAS, Minnesota Statutes, Section 275..52, Subdivision 5, permits
certain cities to determine to levy in excess of the limitation provided in
Sections 275.50 to 275.56 by an amount not to exceed 10 percent of its levy
limit base, and
WHEREAS, the City of Richfield,. as a second class city operating
at its levy limit meets the criteria established in Minnesota Statutes, Section
275.52, Subdivision 5, and
WHEREAS, Resolution 5901, passed on May 8, 1978, and published in the
official newspaper on four consecutive weeks, namely May 17, 24, 31, and June 7,
1978; proposed to levy city taxes in 1978 in excess of the present levy limit
base and called for a public hearing on such proposal on June 12, 1978, and
WHEREAS, it has been determined necessary and expedient for the city
to protect its revenue producing capabilities for 1979 and future years.
NOW, THEREFORE, BE IT RESOLVED by the City of Richfield, as follows:
1. There is hereby authorized a city tax levy in 1978,
payable 1979, in the amount which would be permitted
with a 10 percent increase in the city's levy limit base;
but in no event shall the amount of increased levy exceed
$399,272.
2. The actual final levy for taxes payable in 1979 ,
including the additional levy authorized above, shall
be determined according to City Charter, Section 7.07 at
the time the 1979 budget is adopted including the ap;~ropriate
resolution certifying the taxes to be levied.
3. That the City Clerk be directed to publish this
resolution in the city's official newspaper.
Passed by the City Council of the City of Richfield, this
12th day of June, 1978.
Loren L. Law Mayor
ATTEST:
`~
Thomas J. oran City Clerk