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Council Member Stoltz introduced the following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 08 -145 <br />RESOLUTION ADOPTING THE FINAL 2008 TAX LEVY, COLLECTIBLE IN 2009 <br />WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund <br />operating costs anticipated in the year 2009; and, <br />WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on <br />outstanding indebtedness; and, <br />WHEREAS, the City Council adopted its preliminary 2008 tax levy, collectible in 2009, in <br />anticipation of the above expenses; and, <br />WHEREAS, the City Council has published in the official newspaper all notices required by <br />Minnesota statutes and the City Charter; and, <br />WHEREAS, the City Council held its Truth in Taxation public hearing on December 8, 2008. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka <br />County, Minnesota, approves its final 2008 tax levy, collectible in 2009, upon taxable property <br />within the City of Lino Lakes as follows: <br />1. Total amount levied in the year 2008 to be spread for taxes due and payable in <br />the year 2009 is $9,244,338. <br />2. The total amount above levied is for the following purposes: <br />General Operating Levy $8,247,178 <br />Special Levies <br />PERA <br />47,994 <br />General Bonded Debt <br />Public Project Revenue Bond 104,570 <br />Civic Complex Bond 1998A 126,788 <br />G.O. Improvement Bond 2003B 19,534 <br />G.O. Improvement Refunding Bond 2005B 108,041 <br />G.O. Tax Abatement Bond 2006C 108,591 <br />G.O. Capital Improvement Plan Refunding Bond 2006E 209,580 <br />Equipment Certificates of 2006 120,698 <br />Equipment Certificates of 2007 62,948 <br />Equipment Certificates of 2008 82,975 <br />Total General Obligation Bonded Debt 949,166 <br />TOTAL LEVIES <br />$9.244.338 <br />Adopted by the Lino Lakes City Council this 15th day of December, 2008. <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member Reiert <br />and upon vote being taken thereon, the following voted in favor thereof: <br />Stoltz, Reinert, O'Donnell, Gallup, Bergeson <br />The following voted against same: none <br />Whereupon said resolution was declared duly pass :.: d adopted. <br />*Berk• • on, ayor <br />