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CITY OF LINO LAKES RESOLUTION NO. 19-167 RESOLUTION ADOPTING THE FINAL 2019 TAX LEVY, COLLECTIBLE IN 2020 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2020, 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 2019 tax levy, collectible in 2020, 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 9, 2019. NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, approves its final 2019 tax levy, collectible in 2020, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2019 to be spread for taxes due and payable in the year 2020 is $10,491,518. 2. The total amount levied above is for the following purposes: General Operating Levy $8,368,756 Bonded Indebtedness G.O. Bond 2012A 178,080 G.O. Bond 2015A 271,228 EDA Lease/Revenue Bond 2015 317,297 G.O. Tax Abatement Refunding Bonds 2016C 301,570 G.O. Bond 2018A 481,799 Equipment Certificates 2015B 214,216 Equipment Certificates 2017 111,353 Equipment Certificates 2018 107,100 Equipment Certificates 2019 140,119 Total Bonded Indebtedness: $2,122,762 TOTAL LEVIES $10,491,518 Adopted by the Council of the City of Lino Lakes this 9th day of December, 2019. The motion for the adoption of the foregoing resolution was introduced by Council Member Maher and was duly seconded by Council Member Rafferty and upon vote being taken thereon, the following voted in favor thereof: Maher, Rafferty, Manthey, Stoesz, Reinert