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CITY OF LINO LAKES <br />RESOLUTION NO.22-144 <br />ADOPTING THE FINAL 2022 TAX LEVY, COLLECTIBLE IN 2023 <br />WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for operating costs <br />anticipated in the year 2023, 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 2022 tax levy, collectible in 2023, 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 12, 2022. <br />NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, <br />approves its final 2022 tax levy, collectible in 2023, upon taxable property within the City of <br />Lino Lakes as follows: <br />1. Total amount levied in the year 2022 to be spread for taxes due and payable in the year <br />2023 is $12,893,915. <br />2. The total amount levied above is for the following purposes: <br />Operating Levy $11,319,531 <br />Bonded Indebtedness <br />G.O. Bond 2012A <br />176,109 <br />G.O. Bond 2015A <br />273,959 <br />EDA Lease/Revenue Bond 2015 <br />320,815 <br />G.O. Bond 2018A <br />485,737 <br />G.O. Bond 2021A <br />211,465 <br />Equipment Certificates 2020 <br />106,299 <br />Total Bonded Indebtedness: $1,574,384 <br />TOTAL LEVIES &IZA93.915 <br />Adopted by the Council of the City of Lino Lakes this 12t' day of December, 2022. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />and was duly seconded by Council Member and upon <br />vote being taken thereon, the following voted in favor thereof: <br />The following voted against same: <br />