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RESOLUTION NO. RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $147,457 EQUIPMENT CERTIFICATES OF INDEBTEDNESS (SERIES 1998) BE IT RESOLVED By the City Council of the City of Roseville, Ramsey County, Minnesota (the “City”) as follows: Section 1.Background; Findings. The City is authorized by Minnesota Statutes, Section 412.301 (the “Act”) to issue and sell its general obligation equipment certificates of indebtedness (the “Certificates”) to finance the purchase of items of capital equipment having a useful life at least as long as the term of the Certificates. The Act permits the City Council to sell the Certificates on such terms and conditions as found desirable by the City Council. It is found and determined that the following items of capital equipment (the “Equipment”) have been or will be purchased by the City in the fiscal year 1998: Police Vehicles It is found and determined that it is in the best financial interests of the City that the purchase of the Equipment be financed by the issuance and sale of Certificates as provided by the Act. The City will, therefore, issue and sell Certificates in the total principal amount of $147,457 to finance the Equipment costs. It is found and determined that there exists within Debt Service Fund 524 (the “Fund”) adequate sums to purchase the Certificates hereby authorized. The City is authorized by Minnesota Statutes, Chapter to sell the Certificates to the Fund and the Certificates as an investment of the Fund. It is found and determined that the principal amount of the Certificates to be issued and sold pursuant to this Resolution does not exceed 0.25% of the market value of taxable property in the City. Section 2.Issuance and Sale of Certificates. The Certificates will be issued by the City and purchased by the Fund. The 2.01. Certificates will be in the form of a single typewritten Certificate and will mature, bear interest and be subject to redemption and prepayment as provided in the following form of Certificate: BMB137435