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F. WHEREAS, in order to induce the Issuer to issue the Issuer Bonds it is proposed <br /> that City issue its General Obligation Capital Improvement Plan Refunding Bond (the "City <br /> Bond ") to the Issuer to pay its share of the debt service on the Issuer Bonds; and <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Centerville, <br /> Minnesota, as follows: <br /> 1. The City of Centerville concurs in the action of the City of Circle Pines in <br /> the issuance of the Issuer Bonds for the purpose of debt service savings. <br /> 2. The City acknowledges that in conjunction with the issuance of the Issuer <br /> Bonds, it is necessary that the City of Centerville adopt a resolution concurring in the actions of <br /> the Issuer in issuing the Issuer Bonds and authorizing the execution by the City of a General <br /> Obligation Capital Improvement Plan Refunding Bond, Series 2012 and levying a tax for the <br /> payment thereof for the City's share of debt service on the Issuer Bonds. Such resolution will be <br /> prepared and submitted to the City for approval at a date to be determined in connection with the <br /> sale of the Issuer Bonds. <br /> The motion for the adoption of the foregoing resolution was seconded by member King <br /> and upon a vote being taken thereon, the following voted in favor thereof: Fehrenbacher, King, <br /> Love, Paar and Wilharber <br /> and the following voted against the same: None <br /> Whereupon the resolution was declared duly passed and adopted. <br /> 2 <br /> 4577809v1 <br />