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CITY OF LINO LAKES <br />RESOLUTION NO. 03-222 <br />RESOLUTION ADOPTING THE FINAL 2003 TAX LEVY, COLLECTIBLE IN 2004. <br />WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures forGenmra| <br />Fund operating costs an in the year 2004; and, <br />VVHEREAS, the City of Lino Lakes is in need of certain funds to pay the annua debt service <br />on outstanding indebtedness; and, <br />VVHEREAS, the City Council adopted its preliminary 2003 tax levy, collectible in 2004' in <br />anticipation of the above expenses; and, <br />VVHEREAG, 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 8, 2003. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka <br />County, Minnesota, approves its final 2003 tax levy collectible in 2004, upon taxable property <br />within the City of Uno Lakes as foliows: <br />1. Total amount Ievied in the year 2003 to be spread for taxes due and payable in <br />the year 2004 is $6,550,620. <br />2. The tota amount above tevied is for the foliowing purposes: <br />General Operating Levy <br />Special Levie <br />Increased PERAContribution 8.281 <br />Tax Abatement 114,395 <br />General Bonded Debt <br />Public Project Revenue Bond 140.716 <br />Civic Complex Bond 1998A 325,988 <br />G.O. Improvement Bond 1998B 154,876 <br />Equipment Certificates of 2001 122,430 <br />Equipment Certiflcates of 2002 52.920 <br />Equipment Certiflcates of 2003A 62.948 <br />Equipment Certificates of 20038 67.200 <br />Total General Obligation Bonded Debt 927,078 <br />TOTAL LEVIES <br />Adopted by the Lino Lakes City Council this 1 5th day of December, 2003. <br />Ann Blair, City Clerk <br />John Bergeson, Mayor <br />A-1 <br />