1970 0727 Council Resolution - Laserfiche WebLink

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2/leeage .duca Za‘ed Lino Lakes, Minnesota 55014 RESOLUTION ENDCRSING AMENDMENT N0. 1 ON TAX-EXEMPT PROPERTY TY WHEREAS, the Village of Lino Lakes is by law almost totally dependent on the property tax to finance municipal services; and `HEREAS, the Village Council is acutely aware of the burden which property taxes impose on property owners, particularly those individ- uals living on fixed incomes; and WHEREAS, the Village Council is concerned about the steady growth in tax-exempt property which serves to increase the burden of texpayirk. property owners; and WHEREAS, the Village Council is ict uiuiirjiful of the valuable services performed by many tax-exempt organizations, particularly religious and educational institutions; and WHEREAS, the Minnesota Le, isla Lure ':a = thoroughly studied this problem and expressed its concern through the passage of Laws 19690.925, which proposes to amend Article 9, Section 1 of the Minnesota Corati utioi- to permit the Legislature to define or limit the classes of exempt property, except churches, houses of wcrsip au', property used solely for educational purposes, but ::.rcludin ; businesses in direct competition with private 'business; rind WHEREAS, the Village Council believes the proposed amendment ;.o be in the best interests of the Village of Lino Lakes an4 the State as a v;ho1e, and represents a reasonable means of meeting the need to more equitably spread the burden of financing local government services while at the same time avoiding imposing undue financial hardship on educational and religious institutions; NON TREREFGRE BE IT flE;0LVE that the Village Council of Liao Lakes endorses the principles of equitable tax policy and reform exemplii'ied in Amendment No. 1 relating to tax-exempt property and urges its ratification. Adopted this 27th day of July, 1970.