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Council member introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 99-126 RESOLUTION CERTIFYING THE FINAL 1999 TAX LEVY, COLLECTABLE IN 2000. WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund operating costs anticipated in the year 2000, and WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards Certificate of Indebtedness obligations, and WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards the Public Project Revenue Bonds, and WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards the City Complex Bonds, and WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenses towards the G.O Improvement Bonds of 1998B, and WHEREAS, the City of Lino Lakes is restricted by levy limitations imposed by the State of Minnesota. NOW THEREFORE BE IT RESOLVED, that the City of Lino Lakes, Anoka County, Minnesota, hereby does levy on a proposed basis the following upon taxable property in said City of Lino Lakes, to -wit: 1. Total amount levied in the year 1999 to be spread for taxes due and payable in the year 2000 (net of HACA) is $4,187,526. 2. The total amount above levied (net of HACA) is for the following purposes: GENERAL OPERATING $3,307,877 General Bonded Debt Public Project Revenue Bonds 1992 132,947 Civic Complex Bond 1998A 300,172 G.O. Improvement Bond 1998B 138,932 Equipment Certificates of 1997 76,457 Equipment Certificates of 1998 98,481 Equipment Certificates of 1999 132,660 Total General Obligation Bonded Debt $ 879,649 TOTAL LEVIES $4.187,526 BE IT FURTHER RESOLVED by the Lino Lakes City Council that the general fund operating budget and special levies for Equipment Certificates, Public Project Revenue Bonds, Civic Complex Bond and G.O. Improvement Bonds of 1998B 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 separate action.