HomeMy WebLinkAbout25-131 - Resolution - Canceling 2026 Levy GO Capital Note Series 2016ACITY OF LINO LAKES
RESOLUTION NO.25-131
CANCELING THE 2026 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 2026 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 2026 for the G.O. Capital Note, Series 2016A is hereby
cancelled.
Adopted by the City Council of the City of Lino Lakes this 22"d day of September 2025.
Rob Raff rt , Mayor
ATTEST:
Roberta Colotti, CIVIC
City Clerk