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• • CITY OF LINO LAKES RESOLUTION NO. 04 -189 RESOLUTION ADOPTING THE FINAL 2004 TAX LEVY, COLLECTIBLE IN 2005. WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2005; 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 2004 tax levy, collectible in 2005, 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 Truth in Taxation public hearing on December 13, 2004. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2004 tax levy, collectible in 2005, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2004 to be spread for taxes due and payable in the year 2005 is $7,269,302. 2. The total amount above levied is for the following purposes: General Operating Levy $6,215,313 Special Levies Increased PERA Contribution 8,898 Tax Abatement 118,000 General Bonded Debt Public Project Revenue Bond 135,479 Civic Complex Bond 1998A 332,525 G.O. Improvement Bond 1998B 151,072 Taxable G.O. Improvement Bond 2003B 23,668 Equipment Certificates of 2002 50,085 Equipment Certificates of 2003A 52,605 Equipment Certificates of 2003B 74,550 Equipment Certificates of 2004 107,107 Total General Obligation Bonded Debt 927,091 TOTAL LEVIES $7,269,309 Adopted by the Lino Lakes City Council this 20th day of December, 2004. Ann Blair, ¢ ty Clerk A -1 - 2 9 - John Mayor ,