HomeMy WebLinkAbout2011-089 Council ResolutionCouncil Member Roeser
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
COUNTY OF ANOKA
RESOLUTION NO. 11-89
RESOLUTION ADOPTING AND CERTIFYING THE PRELIMINARY 2011 TAX LEVY, COLLECTIBLE IN
2012
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 2012 General Fund operating
budget and the preliminary 2011 tax levy collectible in 2012; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2011 collectible in
2012, and which may be lowered but cannot be increased before adopting the final tax levy;
and,
WHEREAS, the City Council must certify the preliminary 2011 tax levy collectible in 2012 to the Anoka
County Auditor by September 15, 2011.
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 2011 to be spread for taxes due and payable in the year
2012 is $8,227,259.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,138,640
Special Levies
PERA Employer Contribution 54,178
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 2009
Equipment Certificates of 2010
Equipment Certificates of 2011
Total General Obligation Bonded Debt
TOTAL LEVIES
Julian e Bartell, City erk
20,248
134,863
235,011
408,720
127,617
64,617
43,365
1,034,441
$8,227,259
Jeff R-inert, Mayor
Adopted by the Lino Lakes City Council this 12th day of September, 2011.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member GallMI
upon vote being taken thereon, the following voted in favor thereof:
Roeser, Gallup, O'Donnell, Rafferty, Reinert
The following voted against same:
none
Whereupon said resolution was declared duly passed and adopted.
•
AGENDA ITEM 2A
STAFF ORIGINATOR Al Rolek
• MEETING DATE September 12, 2011
TOPIC Consideration of Resolution 11 -89 adopting the preliminary 2011
Tax Levy, collectible in 2012.
Simple Majority
VOTE REQUIRED
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a preliminary tax levy
for the coming year on or before September 15th of each year.
The proposed preliminary tax levy of $8,227,259 will decrease city taxes by $432,741 (5.00 %)
from the 2010/11 tax levy. The city's tax base has decreased by approximately 5.00% over the
last year. The proposed levy is estimated to result in a city tax rate of 42.042% for 2012.
The proposed levy in Resolution 11 -89 represents the City's maximum levy for 2011/12. The
final levy may be decreased, but can not be more than the preliminary levy when it is adopted in
December.
The total levy includes funding for the general operating budget, general bonded debt and tax
abatements for debt service for the YMCA bonds.
• The levy may be further reviewed by the City Council and staff prior to the public hearing on the
levy in December for changes, if necessary.
OPTIONS''
1. Adopt Resolution 11 -89.
2. Return to Staff for further review
RECOMMENDATION
Option 1
•
P. 31a.