HomeMy WebLinkAbout2000-122 Council ResolutionCouncilmember 0' Donnell introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 00-122
RESOLUTION ADOPTING THE FINAL 2000 TAX LEVY, COLLECTIBLE IN 2001.
WHEREAS, the City of Lino Lakes is in need of certain funds to pay expenditures for General Fund
operating costs anticipated in the year 2001; 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 2000 tax levy, collectible in 2001, 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,
WHEREA, the City Council held a Truth in Taxation public hearing on December 4, 2000, and
continued such public hearing on December 11, 2000 in compliance with Minnesota
statutes.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lino Lakes, Anoka County,
Minnesota, approves its final 2000 tax levy, collectible in 2001, upon taxable property within the City of
Lino Lakes as follows:
1. Total amount levied in the year 2000 to be spread for taxes due and payable in the year
2001, net of HACA, is $4,
2. The total amount above levied, net of HACA, is for the following purposes:
GENERAL OPERATING $4,105,048
GENERAL BONDED DEBT
Public Project Revenue Bonds 88,131
Civic Complex Bond 1998A 220,238
G.O. Improvement Bond 1998B 102,885
Equipment Certificates 1998 67,719
Equipment Certificates 1999 80,217
Equipment Certificates 2000 102,002
Total General Bonded Debt $ 661,192
TOTAL LEVIES $4.766,240
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 shall be authorized by a separate action.
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Adopted by the Lino Lakes City Council this 1 lth day of December, 2000.
e1 Gau MC City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by Council
and upon vote being taken thereon, the following voted in favor thereof:
The following voted against same:
None
Where upon said resolution was declared duly passed and adopted:
All
Member Carlson