HomeMy WebLinkAbout2020-110 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 20-110
RESOLUTION CANCELING THE 2020/2021 DEBT SERVICE TAX LEVY FOR G.O.
IMPROVEMENT BOND, SERIES 2013A
WHEREAS, a tax levy is scheduled for 2020, to be collected in 2021 to pay the debt service on
the G.O. Improvement Bonds, Series 2013A; 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 2020,
collectible in 2021.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota, that the tax levy scheduled for 2020, to be collected in 2021 to pay the debt service
on the G.O. Improvement Bonds, Series 2013A is hereby cancelled.
Adopted by the Council of the City of Lino Lakes this 28th day of September, 2020.
The motion for the adoption of the foregoing resolution was introduced by Councilmember
Stoesz and was duly seconded by Councilmember Ruhland and upon vote being taken thereon,
the following voted in favor thereof:
Stoesz, Ruhland, Cavegn, Lyden, Rafferty
The following voted against same:
None
ATTEST:
e Bartell, pity C
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Rob Rafferty, Mayor