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• • CITY OF LINO LAKES RESOLUTION NO. 12 -91 RESOLUTION ADOPTING AND CERTIFYING THE PRELIMINARY 2012 TAX LEVY, COLLECTIBLE IN 2013 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 2013 General Fund operating budget and the preliminary 2012 tax levy collectible in 2013; and, WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2012 collectible in 2013, and which may be lowered but cannot be increased before adopting the final tax levy; and, WHEREAS, the City Council must certify the preliminary 2012 tax levy collectible in 2013 to the Anoka County Auditor by September 15, 2012. 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 2012 to be spread for taxes due and payable in the year 2013 is $8,215,628. 2. The total amount above levied is for the following purposes: General Operating Levy $7,140,310 Special Levies PERA Employer Contribution Total Operating 50,228 7,190,538 General Bonded Debt G.O. Improvement Bond 2003B 23,781 G.O. Improvement Refunding Bond 2005B 134,528 G.O. Tax Abatement Bonds 2006C 245,511 G.O. CIP Refunding Bond 2006E 459,060 Equipment Certificates of 2010 64,890 Equipment Certificates of 2011 42,851 Equipment Certificates of 2012 54,469 Total General Obligation Bonded Debt 1,025,090 TOTAL LEVIES $8,215,628