HomeMy WebLinkAbout2001-191 Council ResolutionCERTIFICATION OF RESOLUTION NO. 01-191
STATE OF MINNESOTA )
COUNTY OF ANOKA )
CITY OF LINO LAKES )
I, the undersigned, being the duly qualified City Clerk of the City of Lino Lakes,
Minnesota, do hereby certify that the attached document is a true copy of Resolution No.
01-191 with the original thereof on file in the City Clerk's office, and the same is a full,
true and complete copy insofar as the same relates to:
RESOLUTION NO. 01-191 ADOPTING THE FINAL 2001 TAX LEVY,
COLLECTIBLE IN 2002.
Witness my hand as said City Clerk and the Corporate Seal of the City this 11th day of
December, 2001.
Ann J. I/air, City Clerk
(SEAL)
600 Town Center Parkway, Lino Lakes, Minnesota 55014-1182
Phone: 651-982-2400 • Fax: 651-982-2499 • TDD: 651-982-2410
Councilmember Dahl introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 01-191
RESOLUTION ADOPTING THE FINAL 2001 TAX LEVY, COLLECTIBLE IN 2002.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General
Fund operating costs anticipated in the year 2002; and,
WHEREAS, the City of Lino Lakes is in need of certain funds to pay the annual debt service
on outstanding indebtedness; and,
WHEREAS, the City Council adopted its preliminary 2001 tax levy, collectible in 2002, 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 Truth in Taxation public hearing on December 10, 2001.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka
County, Minnesota, approves its final 2001 tax levy, collectible in 2002, upon taxable property
within the City of Lino Lakes as follows:
1. Total amount levied in the year 2001 to be spread for taxes due and payable in
the year 2002 is $5,902,158.
2. The total amount above levied is for the following purposes:
General Operating Levy $4,877,859
Special Levies
Increased PERA Contribution 7,650
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 $5,902,158
BE IF FURTHER RESOLVED that the general fund operating budget and special levies for
Equipment Certificates, Public Project Revenue Bonds, Civic Center Bonds and G.O.
Improvement Bonds as reviewed by the City Council represents the basis for this levy. Individual
department budgets are subject to preliminary approval by the City Council and are authorized by
a separate action.
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Adopted by the Lino Lakes City Council this 10th day of December, 2001.
Joh ergeson; ayor
Ann Blai , City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by Council Member 0' Donnell
and upon vote being taken thereon, the following voted in favor thereof:
Reinert, Dahl, Bergeson, Carlson & O'Donnell.
The following voted against same:
None.
Where upon said resolution was declared duly passed and adopted.
AGENDA ITEM 3B
STAFF ORIGINATOR Al Rolek
DATE December 10, 2001
TOPIC Consideration of Resolution No. 01-191 adopting the Final
2001 Tax Levy, collectable in 2002.
Simple Majority
VOTE REQUIRED
BACKGROUND
Truth in Taxation requires the City of Lino Lakes to adopt and certify a final 2001 tax levy,
collectable in 2002 on or before December 28th of each year.
The total levy includes dollars for the general operating budget as well as dollars for
general bonded debt. The elimination of Homestead and Agriculture Credit Aid (HACA)
growth factors, settlement of collective bargaining agreements, new state mandates and
new initiatives in capital planning being undertaken by the City all had profound affects on
the preliminary levy adopted in September. The final levy presented this evening has been
reduced $3,650 from the amount approved in the proposed levy as a result of a review of
the PERA special levy. The remaining levies are the same as adopted in September.
A Truth in Taxation public hearing was held on the tax levy on December 10. 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. Staff
recommendation is to adopt Resolution 01-191 approving the final 2001 Tax Levy,
collectible in 2002.
OPTIONS
1. Approve Resolution No. 01-191 adopting the final 2001 tax levy, collectable in 2002.
2. Refer to Staff for further review.
3. Deny Resolution No. 01-191.
RECOMMENDATION
Option 1
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