HomeMy WebLinkAboutResolution 23-099 CITY OF LINO LAKES
RESOLUTION NO. 23-99
CANCELING THE 2023/2024 DEBT SERVICE TAX LEVY FOR G.O. CAPITAL NOTE,
SERIES 2016A
WHEREAS, a capital note was issued in 2016 to finance the City's share of North Metro
Telecommunications Commission capital equipment; and,
WHEREAS, a tax levy is scheduled for 2023 to be collected in 2024 to pay the debt
service on the G.O. Capital Note, Series 2016A; and,
WHEREAS, funds are available from other sources to satisfy the debt service
requirements.
NOW,THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the
tax levy scheduled for 2023 to be collected in 2024 to pay the debt service on the G.O. Capital
Note, Series 2016A is hereby canceled.
Adopted by the City Council of the City of Lino Lakes this 25th day of September, 2023.
g "(-1-1 IZ\--"t(-7
Rof" Rerty, Mayor
ATTEST:
Jolleen Chaika, City Clerk