HomeMy WebLinkAbout1988-017-01.18.1988 CO0 0
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o < < RESOLUTION NO. 1988-17
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O Cit C RESOLUTION AUTHORIZING THE CITY OF WATERLOO TO PRESENT
c-i H AN APPEAL TO THE IOWA DEPARTMENT OF MANAGEMENT TO EXCEED
0 THE GENERAL FUND LEVY OF $8 . 10 PER $1 ,000 OF TAXABLE
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. H E p VALUATION IN THE AMOUNT OF $8. 75 PER $1, 000 OF TAXABLE
VALUATION.
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WHEREAS, the City of Waterloo has prepared an operating
budget for FY1989 to fund those activities of the City, and
WHEREAS, the State of Iowa mandates that a municipality may
not exceed a general tax fund levy of $8 . 10 per $1 , 000 of taxable
valuation, and
WHEREAS, the proposed FY1989 budget exceeds the General Fund
Levy Limit by approximately $850 ,000 , and
WHEREAS, Chapter 24 . 48 , 1987 Iowa Code allows municipalities
to suspend the statutory property tax levy limitation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that an appeal be made to the Iowa
Department of Management to exceed the General Fund Tax Levy
limit of $8. 10 per $1 , 000 of taxable valuation.
BE IT FURTHER RESOLVED that an appeal of $8 . 75 per $1 , 000 of
taxable valuation be hereby requested.
BE IT FURTHER RESOLVED that the Clerk/Auditor be and the same
hereby instructed to prepare said appeal and deliver to the Iowa
Department of Management for consideration and review.
PASSED AND ADOPTED this 18th day of January, 1988 .
Beard L. McxKinleY, Mayor'.
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ATTEST:
Lar y P. - urger; C. rk/Auditor
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