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AGENDA ITEM 2A (i) <br />STAFF ORIGINATOR Al Rolek <br />DATE December 10, 2012 <br />TOPIC Consideration of Resolution No. 12 -122 adopting the Final 2012 Tax Levy, <br />Collectible in 2013. <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />Minnesota State Statutes require the City of Lino Lakes to adopt and certify a fmal 2012 tax levy, collectible <br />in 2013 on or before December 28th. <br />The total levy includes dollars for the general operating budget as well as dollars for special levies for tax <br />abatement and general bonded debt. The levy provides resources for City operations, capital outlay and <br />equipment replacement, street and storm drainage maintenance and a contingency for unforeseen <br />emergencies. The total proposed tax levy for 2012/13 is $8,215,628, a reduction of $11,631 from the <br />2011 /12 tax levy. <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 />The City Council needs to take fmal action on the tax levy at this time. <br />RECOMMENDATION <br />Staff recommendation is to adopt Resolution No. 12 -122 approving the final 2012 Tax Levy, collectible in <br />2013. <br />ATTACHMENTS <br />Resolution 12 -122. <br />• <br />