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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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TAX LEVY CALCULATION <br />City of Lino Lakes, MN Dated Date: 4/14/2016 <br />City's Portion of General Obligation Capital Notes, Series 2016A Call Date: 2/1/2024 <br />runes <br />Tax Levy Tax Collect Bond Pay Available P & I @ <br />Year Year Year Total P &I (1) 105% Net Levy <br />2015 / 2016 / 2017 4,696.04 (4,696.04) 0.00 0.00 <br />2016 / 2017 / 2018 36,415.50 38,236.28 38,236.28 <br />2017 / 2018 / 2019 35,805.00 37,595.25 37,595.25 <br />2018 / 2019 / 2020 36,019.50 37,820.48 37,820.48 <br />2019 / 2020 / 2021 36,217.50 38,028.38 38,028.38 <br />2020 / 2021 / 2022 36,399.00 38,218.95 38,218.95 <br />2021 / 2022 / 2023 35,739.00 37,525.95 37,525.95 <br />2022 / 2023 / 2024 35,904.00 37,699.20 37,699.20 <br />2023 / 2024 / 2025 36,052.50 37,855.13 37,855.13 <br />2024 / 2025 / 2026 36,184.50 37,993.73 37,993.73 <br />Totals 329,432.54 (4,696.04) 340,973.33 340,973.33 <br />(1) The North Metro Telecommunicaton Commission will <br />pay the 2/1/2017 interest payment for the issue from <br />funds on hand. <br />
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