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2016-010 Council Resolution
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2016-010 Council Resolution
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Last modified
7/27/2016 4:33:16 PM
Creation date
7/27/2016 2:29:10 PM
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City Council
Council Document Type
Resolutions
Meeting Date
02/22/2016
Council Meeting Type
Regular
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IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />`._ required by Charter of the City, the Constitution and laws of the State of Minnesota to be done, <br />to happen and to be performed, precedent to and in the issuance of this Note, have been done, <br />have happened and have been performed, in regular and due form, time and manner as required <br />by law; that the City has covenanted and agreed with the holder of this Note that it will levy a <br />direct, annual, irrepealable ad valorem tax upon all of the taxable property in the City, without <br />limitation as to rate or amount, for the years and in amounts sufficient to pay the installments of <br />principal and interest on this Note as they respectively become due; and that this Note, together <br />with all other debts of the City outstanding on the date hereof, being the date of its actual <br />issuance and delivery, does not exceed any charter, constitutional or statutory limitation of <br />indebtedness. <br />IN WITNESS WHEREOF, the City of Lino Lakes, Anoka County, Minnesota, by its <br />City Council has caused this Note to be executed on its behalf by the signatures of its Mayor and <br />of its Clerk, and the corporate seal of the City having been intentionally omitted as permitted by <br />law, all as of April 14, 2016. <br />CITY OF LINO S, ANO OUNTY, <br />MINNES <br />Mayor <br />3 <br />7576477v1 <br />
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