HomeMy WebLinkAbout2022-112 Council Resolution CITY OF LINO LAKES
RESOLUTION NO. 22-112
CANCELING THE 2022/2023 DEBT SERVICE TAX LEVY FOR G.O. CAPITAL NOTE,
SERIES 2016A
WHEREAS, a tax levy is scheduled for 2022 to be collected in 2023 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 2022,
collectible in 2023.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes,
Minnesota,that the tax levy scheduled for 2022 to be collected in 2023 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 26th day of September, 2022.
The motion for the adoption of the foregoing resolution was introduced by Councilmember
Ruhland and was duly seconded by Councilmember Stoesz and upon a vote being taken thereon,
the following voted in favor thereof. Ruhland, Stoesz, Cavegn, Lyden, Rafferty
The following voted against same: None
j ,
Rob Rafferty, Mayor
ATTEST:
IuI' e Bartell, City C erk