HomeMy WebLinkAboutResolution 24-123CITY OF LINO LAKES
RESOLUTION NO. 24-123
CANCELING THE 2025 LEVY FOR G.O. CAPITAL NOTE, SERIES 2016A
WHEREAS, a capital note was issued in 2016 to finance the City of Lino Lakes' share of
North Metro Telecommunications Commission capital equipment; and
WHEREAS, a tax levy is scheduled for taxes payable 2025 to pay the debt service on the
G.O. Capital Note, Series 2016A; and
WHEREAS, the debt has been paid in full and thus does not need a tax levy to satisfy debt
service requirements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the
tax levy scheduled for taxes payable 2025 for the G.O. Capital Note, Series 2016A is hereby
cancelled.
Adopted by the City Council of the City of Lino Lakes this 23,d day of September 2024,
Rob R fferty, Mayor
ATTEST:
Roberta Colotti, CIVIC, City Clerk