HomeMy WebLinkAbout2020-108 Council Resolution•
CITY OF LINO LAKES
RESOLUTION NO. 20-108
RESOLUTION ADOPTING THE PRELIMINARY 2020 TAX LEVY, COLLECTIBLE IN
2021
WHEREAS, Minnesota State Statutes grant local governments the authority to levy property
taxes to finance the operations of the local jurisdiction; and,
WHEREAS, the City of Lino Lakes annually levies property taxes to finance General Fund
operating costs and annual debt service on outstanding indebtedness; and,
WHEREAS, the City Council of Lino Lakes has reviewed the proposed 2021 General Fund
operating budget and the preliminary 2020 tax levy, collectible in 2021; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2020,
collectible in 2021, and which may be lowered but cannot be increased before adopting the final
tax levy; and,
WHEREAS, the City Council must certify the preliminary 2020 tax levy, collectible in 2021 to
the Anoka County Auditor by September 30, 2020.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Lino Lakes,
Minnesota, hereby does levy on a preliminary basis the following upon taxable property in said
City of Lino Lakes:
1. Total amount levied in the year 2020 to be spread for taxes due and payable in the year of
2021 is $11,141,815.
2. The total amount levied is for the following purposes:
General Operating Levy
Bonded Indebtedness
G.O. Bond 2012A
G.O. Bond 2015A
Equipment Certificates 2018
Equipment Certificates 2019
Equipment Certificates 2020
EDA Lease/Revenue Bond 2015
G.O. Tax Abatement Refunding Bond 2016C
G.O. Bond 2018A
Total Bonded Indebtedness:
TOTAL LEVIES
$9,232,367
175,896
266,923
106,050
140,307
105,929
316,877
313,567
483,899
1,909,448
$11,141,815
Adopted by the Council of the City of Lino Lakes this 28th day of September, 2020.
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The motion for the adoption of the foregoing resolution was introduced by Councilmember
Ruhland and was duly seconded by Councilmember Stoesz and upon vote being taken thereon,
the following voted in favor thereof:
Ruhland, Stoesz, Lyden, Cavegn, Rafferty
The following voted against same:
None
ATTEST:
u "a e Bartell, Ci Cler