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• <br />• <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 20-111 <br />RESOLUTION CANCELING THE 2020/2021 DEBT SERVICE TAX LEVY FOR G.O. <br />CAPITAL NOTE, SERIES 2016A <br />WHEREAS, a tax levy is scheduled for 2020 to be collected in 2021 to pay the debt service on <br />the G.O. Capital Note, Series 2016A; 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 2020, <br />collectible in 2021. <br />NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes, <br />Minnesota, that the tax levy scheduled for 2020 to be collected in 2021 to pay the debt service on <br />the G.O. Capital Note, Series 2016A is hereby cancelled. <br />Adopted by the Council of the City of Lino Lakes this 28th day of September, 2020. <br />The motion for the adoption of the foregoing resolution was introduced by Councilmember <br />Stoesz and was duly seconded by Councilmember Ruhland and upon vote being taken thereon, <br />the following voted in favor thereof: <br />Stoesz, Ruhland, Cavegn, Lyden, Rafferty <br />The following voted against same: <br />None <br />ATTEST: <br />-sue_ <br />Bartell, City Cler <br />• <br />cl� f''• 12-41-7-n, <br />Rob Rafferty, Mayor <br />