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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 <br />Roseville, County of Ramsey, Minnesota was duly held on the 27th day of August, 2001 at 6:30 <br />p.m. <br /> <br />The following members were present: Klausing, Mastel, Goedeke, Maschka and Kysylyczyn, and <br />the following were absent: none. <br /> <br />Member Goedeke introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION 9926 <br /> <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />ADJUST THE APPROVED TAX LEVY FOR 2002 BONDED DEBT <br /> <br />WHEREAS, the City will be required to make debt service payments on General Improvement Debt <br />in 2001 and <br /> <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General Improvement Issues <br />Series 18,19,20,22,23 and 25 in the amount of$2,170,603,34. Series 12,14,15, 16, 17 and 21 have <br />been called and are no longer outstanding <br /> <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council ofthe City ofRoseville, Minnesota, <br />that <br /> <br />The Ramsey County Auditor be directed to decrease 2002 tax levy for General Improvement Debt <br />by $1,937,136.87 which is being paid by debt service reserves or are for debt issues no longer <br />outstanding. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Member Maschka <br />and upon a vote being taken thereon, the following voted in favor thereof: Klausing, Mastel, <br />Goedeke, Maschka and Kysylyczyn, and the following voted against the same: none. <br /> <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />