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2021-145 Council Resolution
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2021-145 Council Resolution
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Last modified
12/17/2021 7:27:51 PM
Creation date
12/17/2021 10:19:44 AM
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City Council
Council Document Type
Resolutions
Meeting Date
12/13/2021
Council Meeting Type
Regular
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CITY OF LINO LAKES <br /> RESOLUTION NO. 21-145 <br /> RESOLUTION ADOPTING THE FINAL 2021 TAX LEVY, COLLECTIBLE IN 2022 <br /> WHEREAS,the City of Lino Lakes has budgeted to pay expenditures for operating costs <br /> anticipated in the year 2022, 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 2021 tax levy, collectible in 2022, 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 13, 2021. <br /> NOW,THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, <br /> approves its final 2021 tax levy, collectible in 2022, upon taxable property within the City of <br /> Lino Lakes as follows: <br /> 1. Total amount levied in the year 2021 to be spread for taxes due and payable in the year <br /> 2022 is $11,819,287. <br /> 2. The total amount levied above is for the following purposes: <br /> Operating Levy $9,790,843 <br /> Bonded Indebtedness <br /> G.O. Bond 2012A 178,794 <br /> G.O. Bond 2015A 267,869 <br /> EDA Lease/Revenue Bond 2015 316,300 <br /> G.O. Tax Abatement Refunding Bonds 2016C 325,054 <br /> G.O. Bond 2018A 485,212 <br /> G.O. Bond 2021A 209,680 <br /> Equipment Certificates 2019 139,493 <br /> Equipment Certificates 2020 106,042 <br /> Total Bonded Indebtedness: $2,028,444 <br /> TOTAL LEVIES 11.819.287 <br /> Adopted by the City Council of the City of Lino Lakes this 13th day of December 2021. <br /> The motion for the adoption of the foregoing resolution was introduced by Councilmember <br /> Cavegn and was duly seconded by Councilmember Ruhland and upon vote being taken <br /> thereon,the following voted in favor thereof: Ruhland,Lyden, Cavegn, Stoesz <br />
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