HomeMy WebLinkAbout2008-145 Council ResolutionCouncil Member Stoltz introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 08 -145
RESOLUTION ADOPTING THE FINAL 2008 TAX LEVY, COLLECTIBLE IN 2009
WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund
operating costs anticipated in the year 2009; 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 2008 tax levy, collectible in 2009, 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 Truth in Taxation public hearing on December 8, 2008.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka
County, Minnesota, approves its final 2008 tax levy, collectible in 2009, upon taxable property
within the City of Lino Lakes as follows:
1. Total amount levied in the year 2008 to be spread for taxes due and payable in
the year 2009 is $9,244,338.
2. The total amount above levied is for the following purposes:
General Operating Levy $8,247,178
Special Levies
PERA
47,994
General Bonded Debt
Public Project Revenue Bond 104,570
Civic Complex Bond 1998A 126,788
G.O. Improvement Bond 2003B 19,534
G.O. Improvement Refunding Bond 2005B 108,041
G.O. Tax Abatement Bond 2006C 108,591
G.O. Capital Improvement Plan Refunding Bond 2006E 209,580
Equipment Certificates of 2006 120,698
Equipment Certificates of 2007 62,948
Equipment Certificates of 2008 82,975
Total General Obligation Bonded Debt 949,166
TOTAL LEVIES
$9.244.338
Adopted by the Lino Lakes City Council this 15th day of December, 2008.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Reiert
and upon vote being taken thereon, the following voted in favor thereof:
Stoltz, Reinert, O'Donnell, Gallup, Bergeson
The following voted against same: none
Whereupon said resolution was declared duly pass :.: d adopted.
*Berk• • on, ayor
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•
AGENDA ITEM 2A
STAFF ORIGINATOR Al Rolek
DATE December 15, 2008
TOPIC Consideration of Resolution No. 08 -145 adopting the Final
2008 Tax Levy, Collectible in 2009.
Simple Majority
VOTE REQUIRED
Truth in Taxation legislation requires the City of Lino Lakes to adopt and certify a final 2008
tax levy, collectible in 2009 on or before December 29th.
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
personnel cost adjustments, capital outlay and equipment replacement, street and Storm
Drainage maintenance and a contingency for unforeseen emergencies.
A Truth in Taxation public hearing was held on the tax levy on December 8. 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 08 -145 approving the final 2008 Tax Levy,
collectible in 2009.
1. Approve Resolution No. 08 -145.
2. Refer to Staff for further review.
3. Deny Resolution No. 08 -145.
Option 1
A -1