HomeMy WebLinkAbout2012-091 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 12 -91
RESOLUTION ADOPTING AND CERTIFYING THE PRELIMINARY 2012 TAX LEVY,
COLLECTIBLE IN 2013
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 2013 General Fund operating
budget and the preliminary 2012 tax levy collectible in 2013; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2012 collectible in
2013, and which may be lowered but cannot be increased before adopting the final tax levy;
and,
WHEREAS, the City Council must certify the preliminary 2012 tax levy collectible in 2013 to the
Anoka County Auditor by September 15, 2012.
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 2012 to be spread for taxes due and payable in the year
2013 is $8,215,628.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,140,310
Special Levies
PERA Employer Contribution
Total Operating
50,228
7,190,538
General Bonded Debt
G.O. Improvement Bond 2003B 23,781
G.O. Improvement Refunding Bond 2005B 134,528
G.O. Tax Abatement Bonds 2006C 245,511
G.O. CIP Refunding Bond 2006E 459,060
Equipment Certificates of 2010 64,890
Equipment Certificates of 2011 42,851
Equipment Certificates of 2012 54,469
Total General Obligation Bonded Debt 1,025,090
TOTAL LEVIES $8,215,628
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Adopted by the Lino Lakes City Council this 10th day of September, 2012.
The motion for the adoption of the foregoing resolution was introduced by Council Member
O' Donnell and was duly seconded by Council Member Roeser and upon vote being taken
thereon, the following voted in favor thereof:
O'Donnell, Roeser, Rafferty, Stoesz, R
The following voted against same:
none
ATTEST:
Julia ne Bartell, C. Clerk
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CITY COUNCIL
AGENDA ITEM 2A
STAFF ORIGINATOR: Al Rolek
MEETING DATE: September 10, 2012
TOPIC: Consideration of Resolution No. 12 -91 adopting the preliminary 2012 Tax
Levy, collectible in 2013.
VOTE REQUIRED: Simple Majority
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a preliminary tax levy for the
coming year on or before September 15th of each year.
The proposed preliminary tax levy of $8,215,628 will decrease city taxes by $11,631 from the 2011/12 tax
levy and marks the fourth consecutive year of levy decreases. The proposed levy is estimated to result in a
city tax rate of 46.715% for 2013.
The proposed levy in Resolution 12 -91 represents the City's maximum levy for 2012/13. The final levy
may be decreased, but can not be more than the preliminary levy when it is adopted in December.
The total levy includes funding for the general operating budget, general bonded debt and tax abatements
for debt service for the YMCA bonds.
The levy may be further reviewed by the City Council and staff prior to the public hearing on the levy in
December for changes, if necessary.
RECOMMENDATION
Staff recommends Adoption of Resolution No. 12 -91.
ATTACHMENTS
Resolution No. 12 -91