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Councilmember 0' Donnell introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 00-122 RESOLUTION ADOPTING THE FINAL 2000 TAX LEVY, COLLECTIBLE IN 2001. WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund operating costs anticipated in the year 2001; and, WHEREAS, the City of Lino Lakes is in need of certain funds to pay the annual debt service on outstanding indebtedness; and, WHEREAS, the City Council adopted its preliminary 2000 tax levy, collectible in 2001, 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, WHEREA, the City Council held a Truth in Taxation public hearing on December 4, 2000, and continued such public hearing on December 11, 2000 in compliance with Minnesota statutes. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2000 tax levy, collectible in 2001, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2000 to be spread for taxes due and payable in the year 2001, net of HACA, is $4, 2. The total amount above levied, net of HACA, is for the following purposes: GENERAL OPERATING $4,105,048 GENERAL BONDED DEBT Public Project Revenue Bonds 88,131 Civic Complex Bond 1998A 220,238 G.O. Improvement Bond 1998B 102,885 Equipment Certificates 1998 67,719 Equipment Certificates 1999 80,217 Equipment Certificates 2000 102,002 Total General Bonded Debt $ 661,192 TOTAL LEVIES $4.766,240 BE IF FURTHER RESOLVED that the general fund operating budget and special levies for Equipment Certificates, Public Project Revenue Bonds, Civic Center Bonds and G.O. Improvement Bonds as reviewed by the City Council represents the basis for this levy. Individual department budgets are subject to preliminary approval by the City Council and shall be authorized by a separate action.