HomeMy WebLinkAbout2000-081 Council ResolutionCouncil member ril\. (---1.1 introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 00-81
RESOLUTION CERTIFYING THE PROPOSED 2000 TAX LEVY, COLLECTABLE 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 expenses towards outstanding
indebtedness.
WHEREAS, the City Council of Lino Lakes has reviewed these funding needs during its review of the
proposed 2001 operating budget.
NOW THEREFORE BE IT RESOLVED, that the City of Lino Lakes, Anoka County, Minnesota, hereby does
levy on a proposed basis the following upon taxable property in said City of Lino Lakes, to -wit:
1. Total amount levied in the year 2000 to be spread for taxes due and payable in the year
2001 (without HACA) is $4,837,565.
2. The total amount above levied (without HACA) is for the following purposes:
GENERAL OPERATING $4,168,973
General Bonded Debt
Public Project Revenue Bond 93,402
Civic Complex Bond 1998A 221,056
G.O. Improvement Bond 1998B 103,268
Equipment Certificates of 1998 67,971
Equipment Certificates of 1999 80,515
Equipment Certificates of 2000 102,381
Total General Obligation Bonded Debt $ 668,592
TOTAL LEVIES $4.837,565
BE IT FURTHER RESOLVED by the Lino Lakes City Council that the general fund operating budget and
special levies for outstanding indebtedness 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 separate action.
Page 2
Adopted by the Lino Lakes City Council this 11th day of September, 2000.
411kit /LOA
Ry-c el Gaustad, Clerk -Treasurer
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John Bergeson, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
and upon vote being taken thereon, the following voted in favor thereof:;t3\j nolukti,
The following voted against same:
Where upon said resolution was declared duly passed and adopted:
AGENDA ITEM 4B
STAFF ORIGINATOR Al Rolek
DATE September 6, 2000
TOPIC Consideration of adopting the proposed 2000 Tax Levy, collectable
in 2001.
Simple Majority
VOTE REQUIRED
BACKGROUND
Truth in Taxation requires the City of Lino Lakes to adopt and certify a proposed 2000 tax levy,
collectable in 2001 on or before September 15th of each year.
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
November 19`h, for changes if necessary.
OPTIONS
1. Adopt the proposed 2000 tax levy, collectable in 2001.
RECOMMENDATION
Option 1