HomeMy WebLinkAbout2022-110 Council Resolution CITY OF LINO LAKES
RESOLUTION NO. 22-110
ADOPTING THE PRELIMINARY 2022 TAX LEVY, COLLECTIBLE IN 2023
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 operating
costs and annual debt service on outstanding indebtedness; and,
WHEREAS, the City Council of Lino Lakes has reviewed the proposed 2023 General Fund
operating budget and the preliminary 2022 tax levy, collectible in 2023; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2022,
collectible in 2023, and which may be lowered but cannot be increased before adopting the final
tax levy; and,
WHEREAS, the City Council must certify the preliminary 2022 tax levy, collectible in 2023 to
the Anoka County Auditor by September 30, 2022.
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 2022 to be spread for taxes due and payable in the year of
2023 is $12,967,057.
2. The total amount levied is for the following purposes:
Operating Levy $11,392,673
Bonded Indebtedness
Equipment Certificates 2020 106,299
G.O. Bond 2012A 176,109
G.O. Bond 2015A 273,959
EDA Lease/Revenue Bond 2015 320,815
G.O. Bond 2018A 485,737
G.O. Bond 2021A 211,465
Total Bonded Indebtedness: 1,574,384
TOTAL LEVIES 12.967.057
Adopted by the Council of the City of Lino Lakes this 26th day of September, 2022.
The motion for the adoption of the foregoing resolution was introduced by Councilmember
Stoesz and was duly seconded by Councilmember Cavegn and upon a vote being taken thereon,
the following voted in favor thereof: Ruhland, Stoesz, Cavegn, Lyden, Rafferty
The following voted against same: None Ii-.
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Rob"P,afferty, Mayor
ATTEST:
ka n Bartell, City Jerk