HomeMy WebLinkAbout2012-122 Council Resolution•
CITY OF LINO LAKES
RESOLUTION NO. 12 -122
RESOLUTION ADOPTING THE FINAL 2012 TAX LEVY, COLLECTIBLE IN 2013
WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated
in the year 2013; 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 2012 tax levy, collectible in 2013, 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 10, 2012.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County,
Minnesota, approves its fmal 2012 tax levy, collectible in 2013, upon taxable property within the City of Lino Lakes
as follows:
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 50,228
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
Adopted by the Council of the City of Lino Lakes this 10th day of December, 2012.
215 628
The motion for the adoption of the foregoing resolution was introduced by Council Member
Rafferty and was duly seconded by Council Member Stoesz and upon vote bein
following voted in favor thereof:
Rafferty, Stoesz, Roeser, O'Donnell
The following voted against same:
none
ATTEST:
Ju i. e Bartell, City Cler
ken thereon, the
Reinert,
AGENDA ITEM 2A (i)
STAFF ORIGINATOR Al Rolek
• DATE December 10, 2012
TOPIC Consideration of Resolution No. 12 -122 adopting the Final 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 fmal 2012 tax levy, collectible
in 2013 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 City operations, capital outlay and
equipment replacement, street and storm drainage maintenance and a contingency for unforeseen
emergencies. The total proposed tax levy for 2012/13 is $8,215,628, a reduction of $11,631 from the
2011/12 tax levy.
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 fmal action on the tax levy at this time.
RECOMMENDATION
Staff recommendation is to adopt Resolution No. 12 -122 approving the fmal 2012 Tax Levy, collectible in
2013.
ATTACHMENTS
Resolution 12 -122.