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CITY OF LINO LAKES <br />RESOLUTION NO. 24-123 <br />CANCELING THE 2025 LEVY FOR G.O. CAPITAL NOTE, SERIES 2016A <br />WHEREAS, a capital note was issued in 2016 to finance the City of Lino Lakes' share of <br />North Metro Telecommunications Commission capital equipment; and <br />WHEREAS, a tax levy is scheduled for taxes payable 2025 to pay the debt service on the <br />G.O. Capital Note, Series 2016A; and <br />WHEREAS, the debt has been paid in full and thus does not need a tax levy to satisfy debt <br />service requirements. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the <br />tax levy scheduled for taxes payable 2025 for the G.O. Capital Note, Series 2016A is hereby <br />cancelled. <br />Adopted by the City Council of the City of Lino Lakes this 23rd day of September 2024. <br />Rob Rafferty, Mayor <br />ATTEST: <br />Roberta Colotti, CIVIC, City Clerk <br />