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AttachmentB <br />EXTRACT OF MINUTES OF MEETING OF THE <br />117 <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />118 <br />119 <br />120 <br /> * * * * * * * * * * * <br />121 <br />122 <br />123 <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, <br />124 <br />County of Ramsey, Minnesota was duly held on the 10th day of September, 2012 at 6:00 p.m. <br />125 <br />126 <br />The following members were present: <br />127 <br /> , and the following were absent: <br />128 <br />129 <br />Member introduced the following resolution and moved its adoption: <br />130 <br />131 <br />132 <br />RESOLUTION ______________ <br />133 <br />134 <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />135 <br /> ADJUST THE APPROVED TAX LEVY FOR 2013 BONDED DEBT <br />136 <br />137 <br />WHEREAS, the City will be required to make debt service payments on General Obligation Debt in 2013; <br />138 <br />and <br />139 <br />140 <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General Obligation Series 2003A, and <br />141 <br />2009A, 2009B, 2011A; and <br />142 <br />143 <br />WHEREAS, General Obligation Series 23 has been refunded and replaced with series 2004A and requires a <br />144 <br />continuing levy; and <br />145 <br />146 <br />WHEREAS, General Obligation Series 2008A requires a slightly higher amount; and <br />147 <br />148 <br />WHEREAS, General Obligation Series 20012A is expected to be issued in the fall of 2012 and will require <br />149 <br />a levy in 2013. <br />150 <br />151 <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, that <br />152 <br />153 <br />The Ramsey County Auditor is directed to change the 2013 tax levy for General Improvement Debt by <br />154 <br />$646,049 from that which was originally scheduled upon the issuance of the bonds. <br />155 <br />156 <br />The motion for the adoption of the foregoing resolution was duly seconded by member and upon a <br />157 <br />vote being taken thereon, the following voted in favor thereof: <br />158 <br />159 <br /> and the following voted against the same: <br />160 <br />161 <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />162 <br />163 <br />164 <br />Page 5 of 7 <br /> <br />