HomeMy WebLinkAbout2010-110 Council Resolution•
Council Member O Donnell introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 10 -110
RESOLUTION ADOPTING THE FINAL 2010 TAX LEVY, COLLECTIBLE IN 2011
WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating
costs anticipated in the year 2011; 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 2010 tax levy, collectible in 2011, 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 13, 2010.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County,
Minnesota, approves its final 2010 tax levy, collectible in 2011, upon taxable property within the City of
Lino Lakes as follows:
1. Total amount levied in the year 2010 to be spread for taxes due and payable in the year
2011 is $8,660,000.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,675,424
Special Levies
PERA Employer Contribution 43,816
General Bonded Debt
G.O. Improvement Bond 2003B 21,917
G.O. Improvement Refunding Bond 2005B 124,172
G.O. Tax Abatement Bonds 2006C 196,581
G.O. CIP Refunding Bond 2006E 325,410
Equipment Certificates of 2007 80,808
Equipment Certificates of 2008 127,008
Equipment Certificates of 2009 64,864
Total General Obligation Bonded Debt 940,760
TOTAL LEVIES $8,660,000
Adopted by the Lino Lakes City Council this 13th day of December, 2010.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Roeser
and upon vote being taken thereon, the following voted in favor thereof:
O'Donnell, Roeser, Gallup, Rafferty, Reineft
The following voted against same:
none
Whereupon said resolution was declared duly passed and adopted.
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AGENDA ITEM 2A (i)
STAFF ORIGINATOR Al Rolek
DATE December 13, 2010
TOPIC Consideration of Resolution No. 10 -110 adopting the Final 2010 Tax
Levy, Collectible in 2011.
Simple Majority
VOTE REQUIRED
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2010 tax levy,
collectible in 2011 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. 10 -110 approving the final 2010 Tax Levy, collectible in 2011.
1. Approve Resolution No. 10 -110.
2. Refer to Staff for further review.
3. Deny Resolution No. 10 -110.
Option 1
A -2