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CITY OF LINO LAKES <br />RESOLUTION NO. 17-108 <br />RESOLUTION CANCELING THE 2017/2018 DEBT SERVICE TAX LEVY FOR <br />TAXABLE G.O. IMPROVEMENT REFUNDING BONDS, SERIES 2016B <br />WHEREAS, a tax levy is scheduled for 2017 to be collected in 2018 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 2017, <br />collectible in 2018. <br />NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes, <br />Minnesota, that the tax levy scheduled for 2017 to be collected in 2018 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 25th day of September, 2017. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Kusterman and was duly seconded by Council Member Manthey and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Kusterman, Manthey, Maher, Rafferty, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />