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CITY OF LINO LAKES <br />RESOLUTION NO. 15-102 <br />RESOLUTION CANCELING THE 2015/2016 DEBT SERVICE TAX LEVY FOR G.O. <br />TAX INCREMENT FINANCING BOND, SERIES 2007A <br />WHEREAS, a tax levy is scheduled for 2015 to be collected in 2016 to pay the debt service on <br />the G.O. Tax Increment Financing Bonds, Series 2007A; 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 2015, <br />collectible in 2016. <br />NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes, <br />Minnesota, that the tax levy scheduled for 2015 to be collected in 2016 to pay the debt service on <br />the G.O. Tax Increment Financing Bonds, Series 2007A is hereby cancelled. <br />Adopted by the Council of the City of Lino Lakes this 28th day of September, 2015. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Kusterman and was duly seconded by Council Member Roeser and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Kusterman, Roeser, Rafferty, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />Julia e Bartell, City Cler <br />