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CITY OF LINO LAKES RESOLUTION NO. 14-147 RESOLUTION ADOPTING THE FINAL 2014 TAX LEVY, COLLECTIBLE IN 2015 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2015; 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 2014 tax levy, collectible in 2015, 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 public hearing on December 8, 2014. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County, Minnesota, approves its final 2014 tax levy, collectible in 2015, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2014 to be spread for taxes due and payable in the year 2015 is $8,686,072. 2. The total amount above levied is for the following purposes: General Operating Levy $7,490,578 General Bonded Debt G.O. Tax Abatement Bonds 2006C 264,458 G.O. CIP Refunding Bond 2006E 449,820 G.O. Bonds 2012A 179,563 Equipment Certificates of 2012 54,086 Equipment Certificates of 2013 69,615 Equipment Certificates of 2014 177,952 Total General Obligation Bonded Debt 1,195,494 TOTAL LEVIES $8,686,072 Adopted by the Council of the City of Lino Lakes this 8th day of December, 2014. The motion for the adoption of the foregoing resolution was introduced by Council Member and was duly seconded by Council Member and upon vote being taken thereon, the following voted in favor thereof:. The following voted against same:. ATTEST: Julianne Bartell, City Clerk A-1 Jeff Reinert, Mayor