Laserfiche WebLink
=MO <br />•■• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 04-189 <br />RESOLUTION ADOPTING THE FINAL 2004 TAX LEVY, COLLECTIBLE IN 2005. <br />WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund <br />operating costs anticipated in the year 2005; and, <br />WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on <br />outstanding indebtedness; and, <br />WHEREAS, the City Council adopted its preliminary 2004 tax levy, collectible in 2005, in <br />anticipation of the above expenses; and, <br />WHEREAS, the City Council has published in the official newspaper all notices required by <br />Minnesota statutes and the City Charter; and, <br />WHEREAS, the City Council held its Truth in Taxation public hearing on December 13, 2004. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka <br />County, Minnesota, approves its final 2004 tax levy, collectible in 2005, upon taxable property <br />within the City of Lino Lakes as follows: <br />1. Total amount levied in the year 2004 to be spread for taxes due and payable in <br />the year 2005 is $7,269,302. <br />2. The total amount above levied is for the following purposes: <br />General Operating Levy $6,215,313 <br />Special Levies <br />Increased PERA Contribution 8,898 <br />Tax Abatement 118,000 <br />General Bonded Debt <br />Public Project Revenue Bond 135,479 <br />Civic Complex Bond 1998A 332,525 <br />G.O. Improvement Bond 1998B 151,072 <br />Taxable G.O. Improvement Bond 2003B 23,668 <br />Equipment Certificates of 2002 50,085 <br />Equipment Certificates of 2003A 52,605 <br />Equipment Certificates of 20036 74,550 <br />Equipment Certificates of 2004 107,107 <br />Total General Obligation Bonded Debt 927,091 <br />TOTAL LEVIES <br />Adopted by the Lino Lakes City Council this 20th day of December, 2004. <br />Ann Blair, City Clerk <br />John Bergeson, Mayor <br />A— 1 <br />