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2016-166 Council Resolution
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2016-166 Council Resolution
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6/14/2017 11:58:05 AM
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6/12/2017 2:53:28 PM
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City Council
Council Document Type
Resolutions
Meeting Date
09/12/2016
Council Meeting Type
Regular
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CITY OF LINO LAKES <br />RESOLUTION NO. 16-166 <br />RESOLUTION CANCELING THE 2016/2017 DEBT SERVICE TAX LEVY FOR <br />TAXABLE G.O. IMPROVEMENT REFUNDING BONDS, SERIES 2016B <br />WHEREAS, a tax levy is scheduled for 2016 to be collected in 2017 to pay the debt service on <br />the Taxable G.O. Improvement Refunding Bonds, Series 2016B; and, <br />WHEREAS, funds are available from other sources to satisfy such debt service requirements; <br />and, <br />WHEREAS, it is the desire of the City Council to cancel such debt service levy for 2016, <br />collectible in 2017. <br />NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes, <br />Minnesota, that the tax levy scheduled for 2016 to be collected in 2017 to pay the debt service on <br />the Taxable G.O. Improvement Refunding Bonds, Series 2016B is hereby cancelled. <br />Adopted by the Council of the City of Lino Lakes this 12th day of September, 2016. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Maher and was duly seconded by Council Member Rafferty and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Maher, Rafferty, Manthey, Kusterman, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />Jul_ Bartell, City <br />Jeff Reine , N,E'a or <br />
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