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AttachmentB <br />EXTRACT OF MINUTES OF MEETING OF THE <br />194 <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />195 <br />196 <br /> * * * * * * * * * * * <br />197 <br />198 <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, <br />199 <br />County of Ramsey, Minnesota was duly held on the 9th day of September, 2013 at 6:00 p.m. <br />200 <br />201 <br />The following members were present: <br />202 <br /> , and the following were absent: <br />203 <br />204 <br />Member introduced the following resolution and moved its adoption: <br />205 <br />206 <br />RESOLUTION ______________ <br />207 <br />208 <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />209 <br /> ADJUST THE APPROVED TAX LEVY FOR 2014 BONDED DEBT <br />210 <br />211 <br />WHEREAS, the City will be required to make debt service payments on General Obligation Debt in <br />212 <br />2014; and <br />213 <br />214 <br />WHEREAS, there are reserve funds sufficient to partially reduce the originally scheduled levy for <br />215 <br />General Obligation Series 2009A, 2011A, 2012A, and 2013A; and <br />216 <br />217 <br />WHEREAS, General Obligation Series 2008A requires a slightly higher amount; and <br />218 <br />219 <br />WHEREAS, General Obligation Series 2004 Refunding and 2009B Refunding will require continued <br />220 <br />levy support to repay the internal loan used to retire the bonds early. <br />221 <br />222 <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, <br />223 <br />that <br />224 <br />225 <br />The Ramsey County Auditor is directed to change the 2014 tax levy for General Improvement Debt by <br />226 <br />$85,330.67 from that which was originally scheduled upon the issuance of the bonds as follows: <br />227 <br />228 <br />OriginallyAdditions <br />Scheduledor Certified <br />Bond IssueLevy AmountReductionsDebt Levy <br />GO Refunding 2009B **-$ 160,000.00$ 160,000.00$ <br />GO Refunding 2004 **- 150,000.00 150,000.00 <br />GO Equip Certs 2008A354,690.00 310.00 355,000.00 <br />GO Housing Imp 2009A115,460.63 (115,460.63) - <br />GO 2011A837,983.70 (2,983.70) 835,000.00 <br />GO 2012A1,403,955.00 (28,955.00) 1,375,000.00 <br />GO 2013A refunding902,580.00 (77,580.00) 825,000.00 <br />Total3,614,669.33$ 85,330.67$ 3,700,000.00$ <br />** To repay internal loan used to pay off the bonds early <br />229 <br />Page 8 of 10 <br /> <br />