HomeMy WebLinkAbout2021-102 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO, 21402
RESOLUTION CANCELING THE 2021/2022 DEBT SERVICE TAX LEVY FOR G.O.
CAPITAL NOTE, SERIES 2016A
WHEREAS, a tax levy is scheduled for 2021 to be collected in 2022 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 2021,
collectible in 2022.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota, that the tax levy scheduled for 2021 to be collected in 2022 to pay the debt service on
the G.O. Capital Note, Series 2016A is hereby cancelled.
Adopted by the City Council of the City of Lino Lalces this 27th day of September, 2021.
The motion for the adoption of the foregoing resolution was introduced by Councilmember
Lyden and was duly seconded by Councilmember Stoesz and upon vote being taken thereon, the
following voted in favor thereof: Cavegn, Stoesz, Ruhland, Lyden, Rafferty
The following voted against same: None
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Rob Rafferty, Mayor
ATTEST:
n Bartell, City Cleik--