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CITY OF LINO LAKES <br />RESOLUTION NO. 12-122 <br />RESOLUTION ADOPTING THE FINAL 2012 TAX LEVY, COLLEC:1113LE IN 2013 <br />WHEREAS, the City of Lmo Lakes has budgeted to pay expenditures for General Fund operating costs anticipated <br />in the year 2013; and, <br />.,. WHEREAS, the City of Lmo Lakes has budgeted to pay the annual debt service on outstanding indebtedness; and, <br />WHEREAS, the City Council adopted its preliminary 2012 tax levy, collectible in 2013, in anticipation of the <br />above expenses; and, <br />WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota statutes and <br />the City Charter; and, <br />MINS <br />WHEREAS, the City Council held its public bearing on December 10, 2012. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, <br />Minnesota, approves its firm' 2012 tax levy, collectible in 2013, upon taxable property within the City of Lmo Lakes <br />as follows: <br />1. Total amount levied in the year 2012 to be spread for taxes due and payable in the year 2013 is <br />$8,215,628. <br />2. The total amount above levied is for the following purposes: <br />General Operating Levy <br />Special Levies <br />PERA Employer Contriibuti <br />General Bonded Debt <br />G O. Improvement Bond 2003B <br />G.O. Improvement Refunding Bond 2005B <br />G.O. Tax Abatement Bonds 2006C <br />G.O. CIP Refunding Bond 2006E <br />Equipment Certificates of 2010 <br />Equipment Certificates of 2011 <br />Equipment Certificates of 2012 <br />Total General Obligation Bonded Debt <br />TOTAL LEVIES <br />$7,140,310 <br />50,228 <br />23,781 <br />134,528 <br />245,511 <br />459,060 <br />64,890 <br />42,851 <br />54.469 <br />1,025,090 <br />$8,215,¢28 <br />Adopted by the Council of the City of Lino Lakes this 10th day of December, 2012. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Rafferty and was duly seconded by Council Member Stoesz and upon vote being taken thereon, the following voted <br />in favor thereof Council Members O'Donnell, Roescr, Rafferty, Stoesz, Mayor Reinert. <br />The following voted against same: None. <br />_. A 11't.ST: <br />Julianne Bartell, City Clerk <br />A -1 <br />Jeff Reinert, May <br />