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AGENDA ITEM 3A <br />STAFF ORIGINATOR Al Rolek <br />DATE December 16, 2002 <br />TOPIC Consideration of Resolution No. 02-183 adopting the Final <br />2002 Tax Levy, collectable in 2003. <br />Simple Majority <br />VOTE REQUIRED <br />BACKGROUND <br />Truth in Taxation requires the City of Lino Lakes to adopt and certify a final 2002 tax levy, <br />collectable in 2003 on or before December 28th. <br />The total levy includes dollars for the general operating budget as well as dollars for <br />general bonded debt. The levy includes funding for continued implementation of a vehicle <br />replacement program, salary and wage adjustments, continued implementation of the <br />comprehensive plan, and a contingency for unforeseen emergencies. The levy remains <br />the same as proposed and adopted in September of this year. <br />A Truth in Taxation public hearing was held on the tax levy on December 9. Tax levy <br />information was presented and discussed during the public hearing and public testimony <br />was received. <br />The City Council needs to take final action on the tax levy at this time. Staff <br />recommendation is to adopt Resolution 02-183 approving the final 2002 Tax Levy, <br />collectible in 2003. <br />OPTIONS <br />1. Approve Resolution No. 02-183 adopting the final 2002 tax levy, collectable in 2003. <br />2. Refer to Staff for further review. <br />3. Deny Resolution No. 02-183. <br />RECOMMENDATION <br />Option 1 <br />A-2 <br />