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Maw Council Member O'Donnell introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 10 -110 RESOLUTION ADOPTING THE FINAL 2010 TAX LEVY, COLLECTIBLE IN 2011 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2011; and, WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding indebtedness; and, WHEREAS, the City Council adopted its preliminary 2010 tax levy, collectible in 2011, in anticipation of the above expenses; and, WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota statutes and the City Charter; and, WHEREAS, the City Council held its public hearing on December 13, 2010. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2010 tax levy, collectible in 2011, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2010 to be spread for taxes due and payable in the year 2011 is $8,660,000. 2. The total amount above levied is for the following purposes: General Operating Levy $7,675,424 Special Levies PERA Employer Contribution 43,816 General Bonded Debt G.O. Improvement Bond 2003B G.O. Improvement Refunding Bond 2005B G.O. Tax Abatement Bonds 2006C G.O. CIP Refunding Bond 2006E Equipment Certificates of 2007 Equipment Certificates of 2008 Equipment Certificates of 2009 Total General Obligation Bonded Debt TOTAL LEVIES Adopted by the Lino Lakes City Council this 13th day of December, 2010. 21,917 124,172 196,581 325,410 80,808 127,008 64,864 940,760 $8.660.000 The motion for the adoption of the foregoing resolution was duly seconded by Council Member Roeser and upon vote being taken thereon, the following voted in favor thereof: Mayor Reinert, Council Members O'Donnell, Gallup, Roeser, Rafferty. The following voted against same: None