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CITY OF LINO LAKES <br />RESOLUTION NO. 18-180 <br />RESOLUTION REDUCING THE 2018/2019 DEBT SERVICE TAX LEVY FOR G.O. <br />BONDS, SERIES 2018A <br />WHEREAS, a tax levy is scheduled for 2018 to be collected in 2019 to pay the debt service on <br />G.O. Bonds, Series 2018A; and, <br />WHEREAS, funds are available from other sources to satisfy a portion of such debt service <br />requirements; and, <br />WHEREAS, it is the desire of the City Council to reduce such debt service levy for 2018, <br />collectible in 2019. <br />NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes, <br />Minnesota, that the tax levy scheduled for 2018 to be collected in 2019 to pay the debt service on <br />G.O. Bonds, Series 2018A is hereby reduced to $200,000. <br />Adopted by the Council of the City of Lino Lakes this 10th day of December, 2018. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Rafferty and was duly seconded by Council Member Maher and upon <br />vote Peing taken thereon, the following voted in favor thereof: <br />Ra ferty, Maher, Manthey, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />Julia Bartell, C' y Cle <br />