HomeMy WebLinkAbout2018-120 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 18-120
RESOLUTION CANCELING THE 2018/2019 DEBT SERVICE TAX LEVY FOR G.O.
CAPITAL NOTE, SERIES 2016A
WHEREAS, a tax levy is scheduled for 2018 to be collected in 2019 to pay the debt service on
the G.O. Capital Note, Series 2016A; and,
WHEREAS, funds are available from other sources to satisfy such debt service requirements;
and,
WHEREAS, it is the desire of the City Council to cancel such debt service levy for 2018,
collectible in 2019.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota, that the tax levy scheduled for 2018 to be collected in 2019 to pay the debt service on
the G.O. Capital Note, Series 2016A is hereby cancelled.
Adopted by the Council of the City of Lino Lakes this 24th day of September, 2018.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Rafferty and was duly seconded by Council Member _ Maher - and upon
vote being taken thereon, the following voted in favor thereof:
Rafferty, Maher, Manthey, Stoesz, Reinert
The following voted against same:
none
ATTEST:
•
anne Bartell, ity C