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CITY OF LINO LAKES <br />RESOLUTION NO. 23-99 <br /> <br />CANCELING THE 2023/2024 DEBT SERVICE TAX LEVY FOR G.O. CAPITAL NOTE, <br />SERIES 2016A <br /> <br />WHEREAS, a capital note was issued in 2016 to finance the City’s share of North Metro <br />Telecommunications Commission capital equipment; and, <br /> <br />WHEREAS, a tax levy is scheduled for 2023 to be collected in 2024 to pay the debt <br />service on the G.O. Capital Note, Series 2016A; and, <br /> <br /> WHEREAS, funds are available from other sources to satisfy the debt service <br />requirements. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the <br />tax levy scheduled for 2023 to be collected in 2024 to pay the debt service on the G.O. Capital <br />Note, Series 2016A is hereby canceled. <br /> <br /> <br />Adopted by the City Council of the City of Lino Lakes this 25th day of September, 2023. <br /> <br /> <br /> <br />___________________________ <br />Rob Rafferty, Mayor <br />ATTEST: <br /> <br /> <br />___________________________ <br />Jolleen Chaika, City Clerk