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Council 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