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<br />AGENDA ITEM 2A (i) <br /> <br /> <br />STAFF ORIGINATOR <br /> Al Rolek <br /> <br />DATE <br /> December 9, 2013 <br /> <br />TOPIC <br /> Consideration of Resolution No. 13-130 adopting the Final 2013 Tax <br />Levy, Collectible in 2014. <br /> <br />VOTE REQUIRED <br />Simple Majority <br /> <br /> <br /> <br />BACKGROUND <br /> <br />Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2013 tax levy, <br />collectible in 2014 on or before December 28th. <br /> <br />The total levy includes dollars for the general operating budget as well as dollars for special levies <br />for tax abatement and general bonded debt. The levy provides resources for City operations, <br />capital outlay and equipment replacement, street and storm drainage maintenance and a contingency <br />for unforeseen emergencies. The levy also includes a voter-approved levy of $174,943 to service <br />debt for the Birch/Ware and Lake/Main intersection signalization projects. The total proposed tax <br />levy for 2013/14 is $8,296,044, $45,285 less than the preliminary levy adopted in September. The <br />proposed levy represents an increase of $80,416 from the 2012/13 tax levy. <br /> <br />A public hearing was held on the tax levy for this evening. Tax levy information was presented and <br />discussed during the public hearing and public testimony was received. <br /> <br />The City Council needs to take final action on the tax levy at this time. <br /> <br />RECOMMENDATION <br /> <br />Staff recommendation is to adopt Resolution No. 13-130 approving the final 2013 Tax Levy, <br />collectible in 2014. <br /> <br />ATTACHMENTS <br /> <br />Resolution 13-130. <br />A-1 <br /> <br />