HomeMy WebLinkAbout2021-099 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 21-99
RESOLUTION ADOPTING THE PRELIMINARY 2021 TAX LEVY, COLLECTIBLE IN
2022
WHEREAS, Minnesota State Statutes grant local governments au 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 operating
costs and annual debt service on outstanding indebtedness; and,
WHEREAS, the City Council of Lino Lakes has reviewed the proposed 2022 General Fund
operating budget and the preliminary 2021 tax levy, collectible in 2022; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2021,
collectible in 2022, and which may be lowered but cannot be increased before adopting the final
tax levy; and,
WHEREAS, the City Council must certify the preliminary 2021 tax levy, collectible in 2022 to
the Anoka County Auditor by September 30, 2021.
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 2021 to be spread for taxes due and payable in the year of
2022 is $11,869,044.
2. The total amount levied is for the following purposes:
GeneralOperatin LevX $9,840,600
Bonded Indebtedness
Equipment Certificates 2019 1395493
Equipment Certificates 2020 106,042
G.O. Bond 2012A 178,794
G.O. Bond 2015A 26709
EDA Lease/Revenue Bond 2015 3165300
G.O. Tax Abatement Refunding Bond 2016C 325,054
G.O. Bond 2018A 485,212
G.O. Bond 2021A 209,680
Total Bonded Indebtedness: 250285444
TOTAL LEVIES 11,869,044
Adopted by the City Council of the City of Lino Lakes this 27tt' day of September, 2021.
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: Cavegn, Stoesz, Ruhland, Lyden, Rafferty
The following voted against same: None
Rob Rafferty, Mayor
ATTEST:
?Ulia e Bartell, City Jerk