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CITY OF LINO LAKES <br />RESOLUTION NO. 25-129 <br /> <br />ADOPTING THE 2026 PRELIMINARY LEVY <br /> <br />WHEREAS, Minnesota Statutes grant local governments authority to levy property <br />taxes to finance the operations of the local jurisdiction; and <br /> <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 /> <br />WHEREAS, the City Council has reviewed the 2026 preliminary levy and must certify it <br />to Anoka County on or before September 30, 2025. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the <br />following be levied for taxes payable 2026: <br /> <br />General Levies $16,432,704 <br />Bonded Indebtedness <br />2015A G.O. <br /> <br />219,236 <br />2015A G.O. Abatement 50,562 <br />2015 EDA Lease Revenue 317,192 <br />2018A G.O. 482,640 <br />2021A G.O. 211,150 <br /> 2025A G.O. 406,823 <br /> $1,687,603 <br />Total 2026 Preliminary Levy $18,120,307 <br /> <br /> <br />Adopted by the City Council of the City of Lino Lakes on this 22nd day of September 2025. <br /> <br /> <br />___________________________ <br />Rob Rafferty, Mayor <br />ATTEST: <br /> <br /> <br />___________________________ <br />Roberta Colotti, CMC <br />City Clerk <br />Page 69 of 228