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• Council Member Gallup introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 11 -123 RESOLUTION ADOPTING THE FINAL 2011 TAX LEVY, COLLECTIBLE IN 2012 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2012; and, WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding indebtedness; and, WHEREAS, the City Council adopted its preliminary 2011 tax levy, collectible in 2012, in anticipation of the above expenses; and, WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota statutes and the City Charter; and, WHEREAS, the City Council held its public hearing on December 12, 2011. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2011 tax levy, collectible in 2012, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2011 to be spread for taxes due and payable in the year 2012 is $8,227,000. 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 20,248 G.O. Improvement Refunding Bond 2005B 134,863 G.O. Tax Abatement Bonds 2006C 235,011 G.O. CIP Refunding Bond 2006E 408,720 Equipment Certificates of 2009 127,617 Equipment Certificates of 2010 64,617 Equipment Certificates of 2011 43,365 Total General Obligation Bonded Debt 1,034,441 TOTAL LEVIES $8,227,259 Adopted by the Lino Lakes City Council this 12th day of December, 2011. The motion for the adoption of the foregoing resolution was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof: Roeser Gallup, Roeser, Rafferty, O'Donnell, Reinert The following voted against same: none A -2