HomeMy WebLinkAbout2006-143 Council Resolutiona
Council Membe9 DonneVItroduced the following resolution and moved its
doption:
CITY OF LINO LAKES
COUNTY OF ANOKA
RESOLUTION NO. 06-143
RESOLUTION ADOPTING AND CERTIFYING THE PRELIMINARY 2006 TAX LEVY, COLLECTIBLE IN
2007
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 Fund operating
costs and annual debt service on outstanding indebtedness; and,
WHEREAS, the City Council of Lino Lakes has reviewed the proposed 2007 General Fund operating
budget and the preliminary 2006 tax levy collectible in 2007; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2006 collectible in
2007, and which may be lowered but cannot be increased before adopting the final tax levy;
and,
WHEREAS, the City Council must certify the preliminary 2006 tax levy collectible in 2007 to the Anoka
County Auditor by September 15, 2006.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Lino Lakes, Anoka County,
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 2007 to be spread for taxes due and payable in the year
2007 is $8,506,723.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,430,427
Special Levies
Tax Abatement — Target & Kohl's
General Bonded Debt
Public Project Revenue Bond
Civic Complex Bond 1998A
G.O. Improvement Bond 2003B
G.O. Improvement Refunding Bond 2005B
G.O. Tax Abatement Bond 2006B
Equipment Certificates of 2004
Equipment Certificates of 2005
Equipment Certificates of 2005
Total General Obligation Bonded Debt
TOTAL LEVIES
e Bartell, City Cler
128,568
119,952
353,031
21,844
97,152
86,656
107,016
39,774
122.303
947,728
$8.506.723
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Adopted by the Lino Lakes City Council this 11th day of September, 2006.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Reinert
and upon vote being taken thereon, the following voted in favor thereof:
O'Donnell, Reinert, Stotlz, Bergeson
The following voted against same:
Carlson
Whereupon said resolution was declared duly passed and adopted.
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