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<br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE, MINNESOTA <br /> <br />HELD: October 22, 2001 <br /> <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of <br />the City of Roseville, Ramsey County, Minnesota, was duly held at the City Hall in said City on <br />Monday, the 22nd day of October, at 6:30 P.M. <br /> <br />The following members were present: Klausing, Maschka, Goedeke and Kysylyczyn; <br /> <br />and the following was absent: Mastel. <br /> <br />Member Maschka, introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION 9949 <br />CALLING FOR REDEMPTION OF OUTSTANDING <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 22 <br /> <br />A. WHEREAS, the City Council of the City of Roseville, Minnesota (the <br />"City"), issued on behalf of the City, $2,100,000 General Obligation Improvement Bonds, Series <br />22, dated May 15, 1996 (the "Bonds"), of which Bonds of$I,560,000 still remains outstanding; <br />and <br /> <br />B. WHEREAS, all of the said Bonds maturing in the years 2003 to 2011, <br />both inclusive, are subject to redemption and prepayment at the option of the City in inverse <br />order, on March 1, 2002, and on any date thereafter at par and accrued interest, all as provided in <br />the resolution of the City Council dated April 22, 1996 authorizing the issuance of said Bonds <br />(the "Resolution"); and <br /> <br />C. WHEREAS, the City Council deems it desirable and in the best interests <br />of the City to call all of the Bonds maturing in the years 2003 to 2011, both inclusive, on <br />March 1, 2002 in accordance with said Resolution; and <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Roseville, Minnesota, as follows: <br /> <br />986410.1 <br />