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J <br /> �- • • ~ <br /> � .� C�t o� ORONO <br /> • <br /> � <br /> RESOLUTION OF THE CITY COUNCIL <br /> • NO. 1208 <br /> • � • • <br /> RESOLL'TION DIRECT?NG COUNTY AUDITOR TO LEVY <br /> ADDITIONAL TAXES FOR 30NDS ISSUED FOR WATER <br /> IMPROVEi�1ENT NO. 197 0-LT,ti-1 (P.,B,C) , <br /> BE IT RESOLVED. by the City Council of the City of Orono, <br /> Minnesota as follows : <br /> 1 . With reference to Resolution No. 566 whicn provided <br /> for the levying of taxes for bonds issued for the 1970-LW-1 (A,B,C) , <br /> it is hereby deter�nined that the lev�- should be increased $4 , 000 <br /> per year starting in the the year 1980 for taxes collected in 1981 . <br /> 2. This council has heretofore levied special assessments <br /> • cgainst pro?ert�- benefitted. <br /> Cor.iputations made by the City ' s financial consultant take into <br /> account deferred assessments , bond redemption funds and the reinvest- <br /> r.ient thereof and indicate the need for a $4 , 000 anr�ual increase in <br /> the certified levy. ' � <br /> The levy snall be as follows : <br /> C�LI�-CTIo.J <br /> ���� <br /> 1980 $25, 500 <br /> 1981 25 , 900 <br /> 19g2 26, 100 <br /> 1983 26 , 300 <br /> 1984 26 , 200 <br /> 1985 26 , 100 <br /> 1986 25, 800 <br /> 1987 30 , 800 <br /> � <br /> PAGE 1 OF 2 <br />