HomeMy WebLinkAbout2013-130 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 13 -130
RESOLUTION ADOPTING THE FINAL 2013 TAX LEVY, COLLECTIBLE IN 2014
WHEREAS, the City of Lino Lakes has budgeted to pay expenditures for General Fund operating costs anticipated
in the year 2014; 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 2013 tax levy, collectible in 2014, 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 9, 2013.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County,
Minnesota, approves its final 2013 tax levy, collectible in 2014, upon taxable property within the City of Lino Lakes
as follows:
1.
Total amount levied in the year 2013 to be spread for taxes due and payable in the year 2014 is
$8,296,044.
2. The total amount above levied is for the following purposes:
General Operating Levy $7,098,922
General Bonded Debt
G.O. Improvement Refunding Bond 2005B 155,782
G.O. Tax Abatement Bonds 2006C 255,381
G.O. CIP Refunding Bond 2006E 443,940
G.O. Bonds 2012A 174,943
Equipment Certificates of 2011 43,481
Equipment Certificates of 2012 53,561
Equipment Certificates of 2013 70,034
Total General Obligation Bonded Debt 1,197,122
TOTAL LEVIES $8,296,044
Adopted by the Council of the City of Lino Lakes this 9th day of December, 2013.
The motion for the adoption of the foregoing resolution was introduced by Council Member Roeser
and was duly seconded by Council Member Rafferty and upon vote being taken thereon, the following voted in
favor thereof:
Rafferty, Roeser, O'Donnell, Stoesz, Reinert
The following voted against same:.
none
ATTEST:
Jeff Reinert, Mayor
AGENDA ITEM 2A (i)
STAFF ORIGINATOR Al Rolek
• DATE December 9, 2013
TOPIC Consideration of Resolution No. 13 -130 adopting the Final 2013 Tax Levy,
Collectible in 2014.
VOTE REQUIRED Simple Majority
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BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a fmal 2013 tax levy, collectible
in 2014 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 levy also includes a voter - approved levy of $174,943 to service debt for the Birch/Ware
and Lake/Main intersection signalization projects. The total proposed tax levy for 2013/14 is $8,296,044,
$45,285 less than the preliminary levy adopted in September. The proposed levy represents an increase of
$80,416 from the 2012 /13 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 final action on the tax levy at this time.
RECOMMENDATION
Staff recommendation is to adopt Resolution No. 13 -130 approving the final 2013 Tax Levy, collectible in
2014.
ATTACHMENTS
Resolution 13 -130.
A -1