HomeMy WebLinkAbout2015-100 Council ResolutionREVISED
` .. CITY OF LINO LAKES
RESOLUTION NO. 15-100
RESOLUTION ADOPTING THE PRELIMINARY 2015 TAX LEVY, COLLECTIBLE IN
2016
WHEREAS, Minnesota State Statutes grant local governments the authority to levy property
taxes to finance the operations of 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 2016 General Fund
operating budget and the preliminary 2015 tax levy, collectible in 2016; and,
WHEREAS, the preliminary levy is the maximum that the City will levy for tax year 2015,
collectible in 2016, and which may be lowered but cannot be increased before adopting the final
tax levy; and,
WHEREAS, the City Council must certify the preliminary 2015 tax levy, collectible in 2016 to
the Anoka County Auditor by September 30, 2015.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Lino Lakes,
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 2015 to be spread for taxes due and payable in the year of
2016 is $9,058,428.
2. The total amount levied is for the following purposes:
General Operating Levy $7,018,572
Bonded Indebtedness
G.O. Tax Abatement Bond 2006C 278,140
G.O. CIP Refunding Bond 2006E 460,110
G.O. Bond 2012A 178,749
G.O. Bond 2015A 271,963
Equipment Certificates 2013 68,933
Equipment Certificates 2014 178,868
Equipment Certificates 2015A 72,240
Equipment Certificates 2015B 214,921
EDA Lease/Revenue Bond 2015 315,932
Total Bonded Indebtedness: 2,039,856
TOTAL LEVIES $9,058,428
Adopted by the Council of the City of Lino Lakes this 28th day of September, 2015.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Roeser and was duly seconded by Council Member Kusterman and upon
vote being taken thereon, the following voted in favor thereof:
Roeser, Kusterman, Rafferty, Stoesz, Reinert
The following voted against same:
none
ATTEST:
4
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Julianne Bartell, Ci Cler
`-- CITY COUNCIL
AGENDA ITEM 2A
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: September 28, 2015
TOPIC: Resolution 15-100 Adopting the Preliminary 2015 Tax Levy, Collectible
in 2016
VOTE REQUIRED: Simple Majority
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 30th.
The City Council and staff have met several times to discuss budget and levy considerations for 2016. The
total preliminary levy includes dollars for the general operating budget as well as bonded indebtedness.
City Council and staff reviewed a proposed preliminary tax levy at the September 14, 2015 Special Work
Session. There was much discussion regarding the reduction of the preliminary tax levy for Pay 2016;
however, as no direction was actually given, staff has prepared this report and Resolution 15-100 based on
the figures that were reviewed at the September 14, 2015 Special Work Session.
The preliminary 2015/2016 levy includes resources for on-going City operations, capital outlay and
equipment replacement, the addition of two staff positions (1 patrol officer and 1 inspector), and
contingencies for unforeseen expenditures. The proposed preliminary tax levy of $10,007,866 represents a
$1,321,794 or 15.2% increase over the 2014/15 tax levy. Over the last year the City's net tax capacity has
grown by 0.36%. The levy is estimated to result in a city tax rate of 51.450% for 2016, an increase from the
2015 tax rate of 43.730%.
The preliminary levy in Resolution 15-100 represents the City's maximum levy for 2016. The final levy
may be decreased, but the preliminary levy cannot be raised when it is adopted in December.
The levy may be further reviewed by the City Council and staff prior to the public hearing on the levy in
December for changes, if necessary.
RECOMMENDATION
Staff recommends Adoption of Resolution No. 15-100.
ATTACHMENTS
Resolution No. 15-100