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2002 Annual Budget Adopted
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2002 Annual Budget Adopted
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2002 Annual Budget Adopted
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Councilmember Dahl introduced the following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 01-191 <br />RESOLUTION ADOPTING THE FINAL 2001 TAX LEVY, COLLECTIBLE IN 2002. <br />WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General <br />Fund operating costs anticipated in the year 2002; and, <br />WHEREAS, the City of Lino Lakes is in need of certain funds to pay the annual debt service <br />on outstanding indebtedness; and, <br />WHEREAS, the City Council adopted its preliminary 2001 tax levy, collectible in 2002, 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 10, 2001. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka <br />County, Minnesota, approves its final 2001 tax levy, collectible in 2002, upon taxable property <br />within the City of Lino Lakes as follows: <br />1. Total amount levied in the year 2001 to be spread for taxes due and payable in <br />the year 2002 is $5,902,158. <br />2. The total amount above levied is for the following purposes: <br />General Operating Levy $4,877,859 <br />Special Levies <br />Increased PERA Contribution 7,650 <br />General Bonded Debt <br />Public Project Revenue Bond 128,195 <br />Civic Complex Bond 1998A 338,888 <br />G.O. Improvement Bond 1998B 151,273 <br />Equipment Certificates of 1999 114,082 <br />Equipment Certificates of 2000 127,537 <br />Equipment Certificates of 2001 156.674 <br />Total General Obligation Bonded Debt 1,016,649 <br />TOTAL LEVIES $5,902,158 <br />BE IF FURTHER RESOLVED that the general fund operating budget and special levies for <br />Equipment Certificates, Public Project Revenue Bonds, Civic Center Bonds and G.O. <br />Improvement Bonds as reviewed by the City Council represents the basis for this levy. Individual <br />department budgets are subject to preliminary approval by the City Council and are authorized by <br />a separate action. <br />A -1 <br />
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