Laserfiche WebLink
<br />CITY OF LINO LAKES <br />RESOLUTION NO. 18-174 <br /> <br />RESOLUTION ADOPTING THE FINAL 2018 TAX LEVY, COLLECTIBLE IN 2019 <br /> <br />WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund <br />operating costs anticipated in the year 2019, and <br /> <br />WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding <br />indebtedness, and <br /> <br />WHEREAS, the City Council adopted its preliminary 2018 tax levy, collectible in 2019, in <br />anticipation of the above expenses, and <br /> <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 /> <br />WHEREAS, the City Council held its public hearing on December 10, 2018. <br /> <br />NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, <br />approves its final 2018 tax levy, collectible in 2019, upon taxable property within the City of <br />Lino Lakes as follows: <br /> <br />1. Total amount levied in the year 2018 to be spread for taxes due and payable in the year <br />2019 is $10,055,416. <br /> <br />2. The total amount levied above is for the following purposes: <br /> <br />General Operating Levy $8,193,124 <br /> <br />Bonded Indebtedness <br />G.O. Bond 2012A 180,012 <br />G.O. Bond 2015A 270,178 <br />EDA Lease/Revenue Bond 2015 315,722 <br />G.O. Tax Abatement Refunding Bonds 2016C 289,096 <br />G.O. Bond 2018A 200,000 <br />Equipment Certificates 2015B 213,119 <br />Equipment Certificates 2016 167,559 <br />Equipment Certificates 2017 111,395 <br />Equipment Certificates 2018 115,211 <br /> <br /> Total Bonded Indebtedness: $1,862,292 <br /> <br />TOTAL LEVIES $10,055,416 <br /> <br /> <br />Adopted by the Council of the City of Lino Lakes this 10th day of December, 2018. <br /> <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />_______________and was duly seconded by Council Member ________________ and upon <br />vote being taken thereon, the following voted in favor thereof: