HomeMy WebLinkAbout2020-111 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 20-111
RESOLUTION CANCELING THE 2020/2021 DEBT SERVICE TAX LEVY FOR G.O.
CAPITAL NOTE, SERIES 2016A
WHEREAS, a tax levy is scheduled for 2020 to be collected in 2021 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 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. Capital Note, Series 2016A 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:
-sue_
Bartell, City Cler
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Rob Rafferty, Mayor