2016 Annual Budget Adopted - Laserfiche WebLink

Home Search

CITY OF LINO LAKES RESOLUTION NO. 15-141 RESOLUTION ADOPTING THE FINAL 2015 TAX LEVY, COLLECTIBLE IN 2016 WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated in the year 2016, 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 2015 tax levy, collectible in 2016, in anticipation of the above expenses, and WHEREAS, the City Council has published in the official newspaper all notices required by Minnesota State Statutes and the City Charter, and WHEREAS, the City Council held its public hearing on December 14, 2015. NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes, approves its final 2015 tax levy, collectible in 2016, upon taxable property within the City of Lino Lakes as follows: 1. Total amount levied in the year 2015 to be spread for taxes due and payable in the year 2016 is $9,058,428. 2. The total amount levied above is for the following purposes: General Operating Levy $7,018,572 Bonded Indebtedness G.O. Tax Abatement Bond 2006C 278,140 G.O. CIP Refunding Bond 2006E 460,110 G.O. Bond 2012A 178,749 G.O. Bond 2015A 271,963 Equipment Certificates 2013 68,933 Equipment Certificates 2014 178,868 Equipment Certificates 2015A 72,240 Equipment Certificates 2015B 214,921 EDA Lease/Revenue Bond 2015 315,932 Total Bonded Indebtedness: 2,039,856 TOTAL LEVIES $9,058,428 Adopted by the Council of the City of Lino Lakes this 14th day of December, 2015. 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