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adoption: <br />Council MemberGallup <br />introduced the following resolution and moved its <br />CITY OF LINO LAKES <br />COUNTY OF ANOKA <br />RESOLUTION NO. 10-80 <br />RESOLUTION CANCELING THE 2010/11 DEBT SERVICE TAX LEVY FOR G.O. <br />TAX INCREMENT FINANCING BOND SERIES 2007A <br />WHEREAS, a tax levy is scheduled for 2010 to be collected in 2011 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 2010 collectible in <br />2011. <br />NOW, THEREFORE BE IT RESOLVED that the tax levy scheduled for 2010 to be collected in 2011 to pay <br />the debt service on the G.O. Tax Increment Financing Bonds, Series 2007A is her= = cancelled. <br />• <br />Julia ne Bartell, City CI k <br />Jeff Reinert, <br />Adopted by the Lino Lakes City Council this 13th day of September, 2010. <br />Rafferty <br />The motion for the adoption of the foregoing resolution was duly seconded by Council and <br />upon vote being taken thereon, the following voted in favor thereof: <br />Galllup Ra ferty Roeser, O'Donnell, Reinert <br />The o low vo a against same: <br />Weie °reupon said resolution was declared duly passed and adopted. <br />Page 28A — 28B <br />