Laserfiche WebLink
CITY OF LINO LAKES <br /> RESOLUTION NO. 22-110 <br /> ADOPTING THE PRELIMINARY 2022 TAX LEVY, COLLECTIBLE IN 2023 <br /> WHEREAS, Minnesota State Statutes grant local governments the authority to levy property <br /> taxes to finance the operations of the local jurisdiction; and, <br /> WHEREAS, the City of Lino Lakes annually levies property taxes to finance general operating <br /> costs and annual debt service on outstanding indebtedness; and, <br /> WHEREAS, the City Council of Lino Lakes has reviewed the proposed 2023 General Fund <br /> operating budget and the preliminary 2022 tax levy, collectible in 2023; and, <br /> WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2022, <br /> collectible in 2023, and which may be lowered but cannot be increased before adopting the final <br /> tax levy; and, <br /> WHEREAS, the City Council must certify the preliminary 2022 tax levy, collectible in 2023 to <br /> the Anoka County Auditor by September 30, 2022. <br /> NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Lino Lakes, <br /> Minnesota, hereby does levy on a preliminary basis the following upon taxable property in said <br /> City of Lino Lakes: <br /> 1. Total amount levied in the year 2022 to be spread for taxes due and payable in the year of <br /> 2023 is $12,967,057. <br /> 2. The total amount levied is for the following purposes: <br /> Operating Levy $11,392,673 <br /> Bonded Indebtedness <br /> Equipment Certificates 2020 106,299 <br /> G.O. Bond 2012A 176,109 <br /> G.O. Bond 2015A 273,959 <br /> EDA Lease/Revenue Bond 2015 320,815 <br /> G.O. Bond 2018A 485,737 <br /> G.O. Bond 2021A 211,465 <br /> Total Bonded Indebtedness: 1,574,384 <br /> TOTAL LEVIES 12.967.057 <br />