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2014-147 Council Resolution
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2014-147 Council Resolution
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7/16/2015 10:08:17 AM
Creation date
7/15/2015 10:48:34 AM
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City Council
Council Document Type
Resolutions
Meeting Date
12/08/2014
Council Meeting Type
Regular
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CITY OF LINO LAKES <br />RESOLUTION NO. 14-147 <br />RESOLUTION ADOPTING THE FINAL 2014 TAX LEVY, COLLECTIBLE IN 2015 <br />WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated <br />in the year 2015; and, <br />WHEREAS, the City of Lino Lakes has budgeted to pay the annual debt service on outstanding indebtedness; and, <br />WHEREAS, the City Council adopted its preliminary 2014 tax levy, collectible in 2015, in anticipation of the <br />above expenses; and, <br />WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota statutes and <br />the City Charter; and, <br />WHEREAS, the City Council held its public hearing on December 8, 2014. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, <br />Minnesota, approves its final 2014 tax levy, collectible in 2015, upon taxable property within the City of Lino Lakes <br />as follows: <br />1. Total amount levied in the year 2014 to be spread for taxes due and payable in the year 2015 is <br />$8,686,072. <br />2. The total amount above levied is for the following purposes: <br />General Operating Levy $7,490,578 <br />General Bonded Debt <br />G.O. Tax Abatement Bonds 2006C 264,458 <br />G.O. CIP Refunding Bond 2006E 449,820 <br />G.O. Bonds 2012A 179,563 <br />Equipment Certificates of 2012 54,086 <br />Equipment Certificates of 2013 69,615 <br />Equipment Certificates of 2014 177,952 <br />Total General Obligation Bonded Debt 1,195,494 <br />TOTAL LEVIES $8,686,072 <br />Adopted by the Council of the City of Lino Lakes this 8th day of December, 2014. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member Roeser <br />and was duly seconded by Council Member and upon vote being taken thereon, the fo : ' ing voted in <br />favor thereof:. Kusterman <br />RQeesx Kusterman, Rafferty, Stoe <br />Tfie tollowm <br />votea same:. <br />none <br />ATTEST: <br />Bartell, City Cle �.. <br />A-1 <br />Jeff Reinert, <br />
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