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• • • CITY OF LINO LAKES RESOLUTION NO. 03 -222 RESOLUTION ADOPTING THE FINAL 2003 TAX LEVY, COLLECTIBLE IN 2004. WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund operating costs anticipated in the year 2004; and, WHEREAS, the City of Lino Lakes is in need of certain funds to pay the annual debt service on outstanding indebtedness and other special obligations; and, WHEREAS, the City Council adopted its preliminary 2003 tax levy, collectible in 2004, 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 Truth in Taxation public hearing on December 8, 2003. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2003 tax levy, collectible in 2004, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2003 to be spread for taxes due and payable in the year 2004 is $6,550,620. 2. The total amount above levied is for the following purposes: General Operating Levy $5,500,866 Special Levies Increased PERA Contribution 8,281 Tax Abatement 114,395 General Bonded Debt Public Project Revenue Bond 140,716 Civic Complex Bond 1998A 325,988 G.O. Improvement Bond 1998B 154,876 Equipment Certificates of 2001 122,430 Equipment Certificates of 2002 52,920 Equipment Certificates of 2003A 62,948 Equipment Certificates of 2003B 67,200 Total General Obligation Bonded Debt 927,078 TOTAL LEVIES $6,550,620 Adopted by the Lino Lakes City Council this 15th day of December, 2003. Ann Blair, City Clerk John Bergeson, Mayor