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• <br />• <br />AGENDA ITEM 2A <br />STAFF ORIGINATOR Al Rolek <br />DATE December 14, 2009 <br />TOPIC Consideration of Resolution No. 09 -112 adopting the Final <br />2009 Tax Levy, Collectible in 2010. <br />Simple Majority <br />VOTE REQUIRED <br />Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2009 tax <br />levy, collectible in 2010 on or before December 28th. <br />The total levy includes dollars for the general operating budget as well as dollars for special <br />levies for tax abatement and general bonded debt. The levy provides resources for capital <br />outlay and equipment replacement, street and Storm Drainage maintenance and a <br />contingency for unforeseen emergencies. <br />A public hearing was held on the tax levy for this evening. Tax levy information was <br />presented and discussed during the public hearing and public testimony was received. <br />The City Council needs to take final action on the tax levy at this time. Staff <br />recommendation is to adopt Resolution No. 09 -112 approving the final 2009 Tax Levy, <br />collectible in 2010. <br />1. Approve Resolution No. 09 -112. <br />2. Refer to Staff for further review. <br />3. Deny Resolution No. 09 -112. <br />Option 1 <br />