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CITY OF LINO LAKES <br />RESOLUTION NO. 24-121 <br />ADOPTING THE 2025 PRELIMINARY LEVY <br />WHEREAS, Minnesota Statutes grant local governments authority to levy property taxes <br />to finance the operations of the local jurisdiction; and <br />WHEREAS, the City of Lino Lakes annually levies property taxes to finance general <br />operating costs and annual debt service on outstanding indebtedness; and <br />WHEREAS, the City Council has reviewed the 2025 preliminary levy and must certify it to <br />Anoka County on or before September 30, 2024. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the <br />following be levied for taxes payable 2025: <br />General Levies $14,285,625 <br />. or -XI IT1-310 •1111 <br />2015A G.O. <br />216,182 <br />2015A G.O. Abatement <br />53,682 <br />2015 EDA Lease Revenue <br />318,557 <br />2018A G.O. <br />484,215 <br />2021A G.O. <br />209,575 <br />2024A G.O. <br />438,699 <br />WEEM <br />Total 2025 Preliminary Levy $16,006,535 <br />Adopted by the City Council of the City of Lino Lakes this 23rd day of September 2024. <br />Rob Raffierty, Mayor <br />ATTEST: <br />Roberta Colotti, CIVIC, City Clerk <br />