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EXTRACT OF MINUTES OF MEETING OF THE <br />111 <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />112 <br />113 <br /> * * * * * * * * * * * <br />114 <br />115 <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, <br />116 <br />County of Ramsey, Minnesota was duly held on the 8th day of September, 2014 at 6:00 p.m. <br />117 <br />118 <br />The following members were present: <br />119 <br /> , and the following were absent: <br />120 <br />121 <br />Member introduced the following resolution and moved its adoption: <br />122 <br />123 <br />RESOLUTION ______________ <br />124 <br />125 <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />126 <br /> ADJUST THE APPROVED TAX LEVY FOR 2015 BONDED DEBT <br />127 <br />128 <br />WHEREAS, the City will be required to make debt service payments on General Obligation Debt in <br />129 <br />2014; and <br />130 <br />131 <br />WHEREAS, there are reserve funds sufficient to partially reduce the originally scheduled levy for <br />132 <br />General Obligation Series 2009A, 2011A, 2012A, and 2013A; and <br />133 <br />134 <br />WHEREAS, General Obligation Series 2008A requires a slightly higher amount; and <br />135 <br />136 <br />WHEREAS, General Obligation Series 2004 Refunding will require continued levy support to repay <br />137 <br />the internal loan used to retire the bonds early. <br />138 <br />139 <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, <br />140 <br />that <br />141 <br />142 <br />The Ramsey County Auditor is directed to change the 2015 tax levy for General Improvement Debt by <br />143 <br />$139,900.95 from that which was originally scheduled upon the issuance of the bonds as follows: <br />144 <br />145 <br />OriginallyAdditions <br />Scheduledor Certified <br />Bond IssueLevy AmountReductionsDebt Levy <br />GO Refunding 2004 **-$ 150,000.00$ 150,000.00$ <br />GO Equip Certs 2008A354,658.50 341.50 355,000.00 <br />GO Housing Imp 2009A118,151.25 (118,151.25) - <br />GO 2011A836,618.70 (1,618.70) 835,000.00 <br />GO 2012A1,424,272.50 (49,272.50) 1,375,000.00 <br />GO 2013A refunding886,200.00 (121,200.00) 765,000.00 <br />Total3,619,900.95$ (139,900.95)$ 3,480,000.00$ <br />146 <br />147 <br />The motion for the adoption of the foregoing resolution was duly seconded by member and upon <br />148 <br />a vote being taken thereon, the following voted in favor thereof: <br />149 <br />150 <br /> and the following voted against the same: <br />151 <br />Page 6 of 8 <br />