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CITY OF LINO LAKES RESOLUTION NO. 18-174 RESOLUTION ADOPTING THE FINAL 2018 TAX LEVY, COLLECTIBLE IN 2019 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2019, and WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding indebtedness, and WHEREAS, the City Council adopted its preliminary 2018 tax levy, collectible in 2019, in anticipation of the above expenses, and WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota State Statutes and the City Charter, and WHEREAS, the City Council held its public hearing on December 10, 2018. NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, approves its final 2018 tax levy, collectible in 2019, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2018 to be spread for taxes due and payable in the year 2019 is $10,055,416. 2. The total amount levied above is for the following purposes: General Operating Levy $8,193,124 Bonded Indebtedness G.O. Bond 2012A 180,012 G.O. Bond 2015A 270,178 EDA Lease/Revenue Bond 2015 315,722 G.O. Tax Abatement Refunding Bonds 2016C 289,096 G.O. Bond 2018A 200,000 Equipment Certificates 2015B 213,119 Equipment Certificates 2016 167,559 Equipment Certificates 2017 111,395 Equipment Certificates 2018 115,211 Total Bonded Indebtedness: $1,862,292 TOTAL LEVIES 10.055.416 Adopted by the Council of the City of Lino Lakes this 1 Oth day of December, 2018. The motion for the adoption of the foregoing resolution was introduced by Council Member man they and was duly seconded by Council Member stoesz and upon vote being taken thereon, the following voted in favor thereof: Manthey, SToesz, Rafferty, Maher, Reinert