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<br />EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br /> <br />* * * * * * * * * * * <br /> <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of <br />Ramsey, Minnesota was duly held on the 12th day of September, 2005 at 6:00 p.m. <br /> <br />The following members were present: Maschka, Schroeder, Ihlan, Kough and Klausing, <br />and the following were absent: none. <br /> <br />Member Maschka introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION 10332 <br /> <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />ADJUST THE APPROVED TAX LEVY FOR 2006 BONDED DEBT <br /> <br />WHEREAS, the City will be required to make debt service payments on General Improvement Debt in 2006 <br />and <br /> <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General Improvement Issues Series 19, <br />25, 2003A, and 2004A by a combined amount of $385,626 and <br /> <br />WHEREAS, General Improvement Issues Series 17 and 22 have been defeased and are no longer outstanding; <br />and series 23 has been refunded and replaced with series 2004A. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Rose vi lie, Minnesota, that <br /> <br />The Ramsey County Auditor is directed to decrease the 2006 tax levy for General Improvement Debt by <br />$385,626 from that which was originally scheduled upon the issuance of the bonds, which is being paid by debt <br />service reserves or are for debt issues no longer outstanding. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by member Klausing and upon a <br />vote being taken thereon, the following voted in favor thereof: Maschka, Schroeder, Ihlan and Klausing, <br />and the following voted against the same: Kough. <br /> <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />