HomeMy WebLinkAbout2001-132 Council ResolutionCouncil member Carlson introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 2001-132
RESOLUTION ADOPTING AND CERTIFYING THE PRELIMINARY 2001 TAX LEVY, COLLECTIBLE IN
2002.
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 2002 General Fund operating
budget and the preliminary 2001 tax levy collectible in 2002; and,
WHEREAS, to maintain its present level of service, the City's preliminary 2001 tax levy includes an
amount to make up for the loss of Homestead and Agricultural Credit Aid (HACA), a state
aid paid to cities to lower the property tax levy, that was eliminated by the state legislature
beginning with the 2001/02 levy year; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2001 collectible in
2002, and which may be lowered but cannot be increased before adopting the final tax levy;
and,
WHEREAS, the City Council must certify the preliminary 2001 tax levy collectible in 2002 to the Anoka
County Auditor by September 15, 2001.
NOW, THEREFORE, BE IT RESOLVED, that 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 2001 to be spread for taxes due and payable in the year
2002 is $5,905,808.
2. The total amount above levied is for the following purposes:
General Operating Levy $4,877,859
Special Levies
Increased PERA Contribution 11,300
General Bonded Debt
Public Project Revenue Bond 128,195
Civic Complex Bond 1998A 338,888
G.O. Improvement Bond 1998B 151,273
Equipment Certificates of 1999 114,082
Equipment Certificates of 2000 127,537
Equipment Certificates of 2001 156,674
Total General Obligation Bonded Debt 1,016,649
TOTAL LEVIES $5,905.808
Page 2
Adopted by the Lino Lakes City Council this 10th day of September, 2001.
John rges n, Mayor
Th otion for the adoption of the foregoing resolution was duly seconded by Council Member Dahl
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Carlson, Dahl
Reinert and 0 Donnell.
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted:
AGENDA ITEM 3B(ii)
STAFF ORIGINATOR Al Rolek
DATE September 5, 2001
TOPIC Consideration of adopting the preliminary 2001 Tax Levy, collectible
in 2002.
Simple Majority
VOTE REQUIRED
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.
Legislative action during the last session has made a large impact on the City's levy for the
coming year. The legislature took over funding of general education and compressed the
property class rates for all classes of property. The state legislature also eliminated Homestead
and Agriculture Credit Aid (HACA) to cities for this and future years. This funding will be used to
offset the state's cost of general education funding. This leaves a large funding gap for the city if
services are maintained at their present level. The legislature has allowed cities to increase their
levy to make up this funding gap. The proposed levy for Lino Lakes includes such an increase to
make up this difference. This increase will be more than offset by a decrease in the school district
levy, which will be made up by the state. The net result should be a decrease in property taxes in
2002.
The proposed levy may be decreased when the final levy is adopted in December. The final levy
can not be more than the proposed levy.
The total levy includes dollars for the general operating budget as well as dollars for general
bonded debt.
The levy will be further reviewed by the City Council and staff between September 15th and
December 10th, for changes if necessary.
OPTIONS
1. Adopt the proposed 2001 tax levy, collectible in 2002.
2. Return to Staff for further review.
RECOMMENDATION'
Option 1