2008-092 Council Resolution - Laserfiche WebLink

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• • • Council Member Reinert introduced the following resolution and moved its adoption: CITY OF LINO LAKES COUNTY OF ANOKA RESOLUTION NO. 08-92 RESOLUTION ADOPTING AND CERTIFYING THE PRELIMINARY 2008 TAX LEVY, COLLECTIBLE IN 2009 WHEREAS, Minnesota State Statutes grant local governments the authority to levy property taxes to finance the operations of the local jurisdiction; and, WHEREAS, the City of Lino Lakes annually levies property taxes to finance General Fund operating costs and annual debt service on outstanding indebtedness; and, WHEREAS, the City Council of Lino Lakes has reviewed the proposed 2009 General Fund operating budget and the preliminary 2008 tax levy collectible in 2009; and, WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2008 collectible in 2009, and which may be lowered but cannot be increased before adopting the final tax levy; and, WHEREAS, the City Council must certify the preliminary 2008 tax levy collectible in 2009 to the Anoka County Auditor by September 15, 2008. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Lino Lakes, Anoka County, Minnesota, hereby does levy on a preliminary basis the following upon taxable property in said City of Lino Lakes: 1. Total amount levied in the year 2008 to be spread for taxes due and payable in the year 2009 is $9,244,338. 2. The total amount above levied is for the following purposes: General Operating Lew $8,247,178 Special Levies PERA Employer Contribution 47,994 Tax Abatement - Legacy/YMCA Abatement Bonds 2006C 108,591 General Bonded Debt Public Project Revenue Bond 104,570 Civic Complex Bond 1998A 126,788 G.O. Improvement Bond 2003B 19,534 G.O. Improvement Refunding Bond 2005B 113,482 G.O. CIP Refunding Bond 2006E 209,580 Equipment Certificates of 2006 120,698 Equipment Certificates of 2007 62,948 Equipment Certificates of 2008 82,975 Total General Obligation Bonded Debt 840,575 TOTAL LEVIES $9 244 338 Page 29A — 29B