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• <br /> EXTRACT OF MINUTES OF MEETING OF THE <br /> CITY COUNCIL OF THE CITY OF ROSEVILLE <br /> * * * * * * * * * * * <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br /> Roseville, County of Ramsey, Minnesota was duly held on the 23rd day of July 2007 at 6:00 <br /> p.m. <br /> The following members were present: Pust, Roe, IhIan,Kough and KIausing. <br /> and the following were absent: none. <br /> Member Kough introduced the following resolution and moved its adoption: <br /> RESOLUTION 10523 <br /> RESOLUTION ADOPTING THE OPERATING FUND RESERVE POLICY <br /> FOR THE CITY OF ROSEVILLE <br /> 4111 WHEREAS, the City Council of the City of Roseville, Minnesota desires to establish financial <br /> and budget policies that provide for the sustainability of City programs, services and <br /> infrastructure;and <br /> WHEREAS, the City Council of the City of Roseville, Minnesota desires to maintain the City's <br /> strong financial condition; and <br /> WHEREAS, the City Council of the City of Roseville, Minnesota desires to provide appropriate <br /> fiscal and budgeting controls. <br /> NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, <br /> Minnesota, that the following Operating Fund Reserve Policy be adopted and remain in effect <br /> until such time that a subsequent policy action is taken. <br /> • <br />