HomeMy WebLinkAbout2011-123 Council Resolution•
Council Member Gallup introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 11 -123
RESOLUTION ADOPTING THE FINAL 2011 TAX LEVY, COLLECTIBLE IN 2012
WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating
costs anticipated in the year 2012; 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 2011 tax levy, collectible in 2012, 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 12, 2011.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County,
Minnesota, approves its final 2011 tax levy, collectible in 2012, upon taxable property within the City of
Lino Lakes as follows:
1. Total amount levied in the year 2011 to be spread for taxes due and payable in the year
2012 is $8,227,000.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,138,640
Special Levies
PERA Employer Contribution 54,178
General Bonded Debt
G.O. Improvement Bond 2003B 20,248
G.O. Improvement Refunding Bond 2005B 134,863
G.O. Tax Abatement Bonds 2006C 235,011
G.O. CIP Refunding Bond 2006E 408,720
Equipment Certificates of 2009 127,617
Equipment Certificates of 2010 64,617
Equipment Certificates of 2011 43,365
Total General Obligation Bonded Debt 1,034,441
TOTAL LEVIES $8,227,259
Adopted by the Lino Lakes City Council this 12th day of December, 2011.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
and upon vote being taken thereon, the following voted in favor thereof: Roeser
Gallup, Roeser, Rafferty, O'Donnell, Reinert
The following voted against same:
none
A -2
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Whereupon said resolution was declared duly passed and adopted.
ne Bartell, City C -rk
A -2
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AGENDA ITEM 2A (i)
STAFF ORIGINATOR Al Rolek
DATE December 12, 2011
TOPIC Consideration of Resolution No. 11 -123 adopting the Final 2011 Tax
Levy, Collectible in 2012.
Simple Majority
VOTE REQUIRED
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2011 tax levy,
collectible in 2012 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. 11 -123 approving the final 2011 Tax Levy, collectible in 2012.
OPTIONS'
1. Approve Resolution No. 11 -123.
2. Refer to Staff for further review.
RECOMMENDA
1
A -2