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CITY OF LINO LAKES <br />RESOLUTION NO. 17-141 <br />RESOLUTION ADOPTING THE FINAL 2017 TAX LEVY, COLLECTIBLE IN 2018 <br />WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund <br />operating costs anticipated in the year 2018, and <br />WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding <br />indebtedness, and <br />WHEREAS, the City Council adopted its preliminary 2017 tax levy, collectible in 2018, in <br />anticipation of the above expenses, and <br />WHEREAS, the City Council has published in the official newspaper all notices required by <br />Minnesota State Statutes and the City Charter, and <br />WHEREAS, the City Council held its public hearing on December 11, 2017. <br />NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, <br />approves its final 2017 tax levy, collectible in 2018, upon taxable property within the City of <br />Lino Lakes as follows: <br />1. Total amount levied in the year 2017 to be spread for taxes due and payable in the year <br />2018 is $9,776,732. <br />2. The total amount levied above is for the following purposes: <br />General Operating Levy $8,165,859 <br />Bonded Indebtedness <br />G.O. Bond 2012A 176,390 <br />G.O. Bond 2015A 274,378 <br />EDA Lease/Revenue Bond 2015 319,397 <br />G.O. Tax Abatement Refunding Bonds 2016C 276,176 <br />Equipment Certificates 2015A 70,258 <br />Equipment Certificates 2015B 214,090 <br />Equipment Certificates 2016 167,097 <br />Equipment Certificates 2017 113,087 <br />Total Bonded Indebtedness: $1,610,873 <br />TOTAL LEVIES $9,776,732 <br />Adopted by the Council of the City of Lino Lakes this 11th day of December, 2017. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Manthey and was duly seconded by Council Member terroan and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Manthey, Kusterman, Rafferty, Maher, Reinert <br />