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JULY 27, 1990 <br />PAYABLE 1991 LEVY LIMIT CALCULATION FOR THE CITY OF LINO LAKES <br />1. PAYABLE 1990 ADJUSTED LEVY LIMIT BASE: * $ 1,560,934 <br />2. INFLATION ADJUSTMENT: 1.03 <br />3. INFLATION ADJUSTED 1991 LEVY LIMIT BASE (1X2): $ 1,607,762 <br />4. ADJUSTMENT FOR GROWTH IN POPULATION OR HOUSEHOLDS <br />(USES ONE -HALF OF THE GREATER OF THE FOLLOWING RATIOS) <br />POPULATION HOUSEHOLDS <br />A. 1989 8,235 <br />B. 1988 7,600 <br />C. RATIO (1989/1988) 1.084 <br />D. ADJUSTMENT FOR GROWTH: ** <br />2,448 <br />2,276 <br />1.076 <br />5. POPULATION /HOUSEHOLD ADJUSTED 1991 LEVY LIMIT BASE (3X4D): <br />6. ADJUSTMENT FOR RECENT ANNEXATION <br />A. 1989 POPULATION OF ANNEXED AREA <br />B. 1989 POPULATION OF CITY EXCLUDING <br />ANNEXED AREA <br />C. RATIO (6A /68) <br />D. ADJUSTMENT FOR ANNEXATION(1.0 +6C) <br />0 <br />8,235 <br />.000 <br />1.000 <br />1.042 <br />$ 1,675,288 <br />7. RECENT ANNEXATION ADJUSTED 1991 LEVY LIMIT BASE (5X6D): $ 1,675,288 <br />8. REFERENDUM LEVY LIMIT BASE ADJUSTMENTS: $ 0 <br />9. LEVY LIMIT BASE ADJUSTMENT FOR 100% OF 1990 AID REDUCTION: $ 26,242 <br />10. FINAL ADJUSTED 1991 LEVY LIMIT BASE (7 +8-9): $ 1,649,046 <br />11. 1991 STATE PAID AIDS: <br />A. 1991 LOCAL GOVERNMENT AID: $ 163,425 <br />B. 1991 TACONITE AID: $ 0 <br />C. CITY DISTRIBUTION OF EXCESS TAX INCREMENT TAXES: * ** $ 0 <br />D. TOTAL (11A +11B +11C): $ 163,425 <br />12. PAYABLE 1991 LEVY LIMITATION (10 -11C): $ 1,485,621 <br />* FINAL ADJUSTED 1990 LEVY LIMIT BASE FROM LINE 9 OF THE CITY OR TOWN'S <br />PAYABLE 1990 LEVY LIMIT NOTICE. <br />** USES ONE -HALF OF THE GREATER OF THE TWO RATIOS. IF THE RATIO IS LESS <br />THAN 1.000, IT HAS BEEN CHANGED TO THE NUMBER 1.000. <br />* ** DISTRIBUTED UNDER M.S. 469.177, SUBD. 9. <br />