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CITY OF LINO LAKES RESOLUTION NO. 13430 RESOLUTION ADOPTING THE FINAL 2013 TAX LEVY, COLLECTIBLE IN 2014 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2014; and, WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding indebtedness; and, WHEREAS, the City Council adopted its preliminary 2013 tax levy, collectible in 2014, in anticipation of the above expenses; and, WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota statutes and the City Charter; and, WHEREAS, the City Council held its public hearing on December 9, 2013. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2013 tax levy, collectible in 2014, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2013 to be spread for taxes due and payable in the year 2014 is $ 8,296,044. 2. The total amount above levied is for the following purposes: General Operating Levy General Bonded Debt G.O. Improvement Refunding Bond 2005B G.O. Tax Abatement Bonds 2006C G.O. CIP Refunding Bond 2006E G.O. Bonds 2012A Equipment Certificates of 2011 Equipment Certificates of 2012 Equipment Certificates of 2013 Total General Obligation Bonded Debt TOTAL LEVIES Adopted by the Council of the City The motion for the adoption of the and was duly seconded by Council favor thereof:. The following voted against same:. $7,098,922 155,782 255,381 443,940 174,943 43,481 53,561 70,034 1,197,122 $8,296,044 of Lino Lakes this 9th day of December, 2013. foregoing resolution was introduced by Council Member Member and upon vote being taken thereon, the following voted in Jeff Reinert, Mayor ATTEST: Julianne Bartell, City Clerk