12/19/2005 Council Packet - Laserfiche WebLink

Home Search

• • CITY OF LINO LAKES RESOLUTION NO. 05 -201 RESOLUTION ADOPTING THE FINAL 2005 TAX LEVY, COLLECTIBLE IN 2006. WHEREAS, WHEREAS, WHEREAS, WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2006; and, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding indebtedness; and, the City Council adopted its preliminary 2005 tax levy, collectible in 2006, in anticipation of the above expenses; and, 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 Truth in Taxation public hearing on December 12, 2005. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2005 tax levy, collectible in 2006, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2005 to be spread for taxes due and payable in the year 2006 is $7,976,907. 2. The total amount above levied is for the following purposes: General Operating Levy $6,912,873 Special Levies Increased PERA Contribution Tax Abatement General Bonded Debt Public Project Revenue Bond Civic Complex Bond 1998A G.O. Improvement Bond 1998B G.O. Improvement Bond 2003B Equipment Certificates of 2003A Equipment Certificates of 2003B Equipment Certificates of 2004 Equipment Certificates of 2005 Total General Obligation Bonded Debt TOTAL LEVIES Adopted by the Lino Lakes City Council this 19th day of December, 2005. Julianne Bartell, City Clerk 9,343 120,410 124,992 343,382 152,519 22,828 44,520 92,820 107,856 45,364 934,281 $7,976,907 John Bergeson, Mayor A -1