HomeMy WebLinkAbout2009-112 Council Resolution•
Council Member Reinert- introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 09 -112
RESOLUTION ADOPTING THE FINAL 2009 TAX LEVY, COLLECTIBLE IN 2010
WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating
costs anticipated in the year 2010; 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 2009 tax levy, collectible in 2010, in
anticipation of the above expenses; and,
WHEREAS, the City Council has published in the official newspaper all notices required by
Minnesota statutes and the City Charter; and,
WHEREAS, the City Council held its public hearing on December 14, 2009.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County,
Minnesota, approves its final 2009 tax levy, collectible in 2010, upon taxable property within the City of
Lino Lakes as follows:
1. Total amount levied in the year 2009 to be spread for taxes due and payable in the year 2010
411111 is $8,695,414.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,768,238
Special Levies
PERA Employer Contribution 47,994
General Bonded Debt
G.O. Improvement Bond 2003B 23,524
G.O. Improvement Refunding Bond 2005B 124,176
G.O. Tax Abatement Bonds 2006C 140,091
G.O. CIP Refunding Bond 2006E 322,470
Equipment Certificates of 2007 60,349
Equipment Certificates of 2008 81,732
Equipment Certificates of 2009 126,840
Total General Obligation Bonded Debt 879,182
TOTAL LEVIES $8.695.414
Adopted by the Lino Lakes City Council this 14th day of December, 2009.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
Gallup and upon vote being taken thereon, the following voted in favor thereof:
Reinert, Gallup O'Donnell, Roeser, Bergeson
The following voted against same:
Whereupon said resolution was declaredsaulny passed and adopted.
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Jul :nneBartell, City lerk
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AGENDA ITEM 2A
STAFF ORIGINATOR Al Rolek
DATE December 14, 2009
TOPIC Consideration of Resolution No. 09 -112 adopting the Final
2009 Tax Levy, Collectible in 2010.
Simple Majority
VOTE REQUIRED
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2009 tax
levy, collectible in 2010 on or before December 28th.
The total levy includes dollars for the general operating budget as well as dollars for special
levies for tax abatement and general bonded debt. The levy provides resources for capital
outlay and equipment replacement, street and Storm Drainage maintenance and a
contingency for unforeseen emergencies.
A public hearing was held on the tax levy for this evening. Tax levy information was
presented and discussed during the public hearing and public testimony was received.
The City Council needs to take final action on the tax levy at this time. Staff
recommendation is to adopt Resolution No. 09 -112 approving the final 2009 Tax Levy,
collectible in 2010.
1. Approve Resolution No. 09 -112.
2. Refer to Staff for further review.
3. Deny Resolution No. 09 -112.
Option 1
FINAL LEVY CERTIFICATION
TAXES PAYABLE 2010
County of Anoka
Taxing Jurisdiction city of Lino Lakes
Levy Item
(A)
Levy Amount *
(B)
General Revenue:
General
$7,768,238
Total General Levies:
7,768,238
Bonded Indebtedness:
General Obligations
879,182
Total Debt Levy:
879,182
Other Specific Levies:
Watershed
PERA Employer Share
47,994
Total Other Levies:
47,994
A. Total Tax Capacity Based Levies:
18_69S.414
B. Total Market Referendum Based Levies:
-O-
A + B TOTAL TAX CAPACITY AND MARKET BASED LEVIES
$8.695.414
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* The levy amount by line item should already be reduced by Local Government Aid (LGA) and other
resources used to finance your City's budget.
Do not reduce levy amounts by the Fiscal Disparities Distribution levy. This will be done by our
office.
Please attach a copy of the resolution adopting your budget.
I hereby certify that the foregoing are the amounts to be levied by the Anoka County
Department of Property Tax Accounting and Research for the named taxing jurisdiction.
Given under my hand this 15th day of December , 2009.
City I lerk/Fina ce "l 'rector