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adoption: <br />Council Member introduced the following resolution and moved its <br />CITY OF LINO LAKES <br />COUNTY OF ANOKA <br />RESOLUTION NO. 08-94 <br />RESOLUTION CANCELING THE 2008/09 DEBT SERVICE TAX LEVY FOR G.O. <br />TAX INCREMENT FINANCING BOND SERIES 2007A <br />WHEREAS, a tax levy is scheduled for 2008 to be collected in 2009 to pay the debt service on the G.O. <br />Tax Increment Financing Bonds, Series 2007A; and <br />WHEREAS, funds are available from other sources to satisfy such debt service requirements; and, <br />WHEREAS, it is the desire of the City Council to cancel such debt service levy for 2008 collectible in <br />2009. <br />NOW, THEREFORE BE IT RESOLVED that the tax levy scheduled for 2008 to be collected in 2009 to pay <br />the debt service on the G.O. Tax Increment Financing Bonds, Series 2007A is hereby cancelled. <br />John J. Bergeson, Mayor <br />Julianne Bartell, City Clerk <br />Adopted by the Lino Lakes City Council this 8th day of September 2008. <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br />and upon vote being taken thereon, the following voted in favor thereof: <br />The following voted against same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Page 28A — 28B <br />• <br />• <br />