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EXTRACT OF MINUTES OF MEETING OF THE
<br /> CITY COUNCIL OF THE CITY OF ROSEVILLE
<br /> * * * * * * * * * * *
<br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville,
<br /> County of Ramsey, Minnesota was duly held on the 8th day of September, 2014 at 6:00 p.m.
<br /> The following members were present: Willmus, Laliberte, Etten, McGehee, and Roe, and the following
<br /> were absent: None.
<br /> Member McGehee introduced the following resolution and moved its adoption:
<br /> RESOLUTION NO. 11176
<br /> RESOLUTION DIRECTING THE COUNTY AUDITOR TO
<br /> ADJUST THE APPROVED TAX LEVY FOR 2015 BONDED DEBT
<br /> WHEREAS, the City will be required to make debt service payments on General Obligation Debt in
<br /> 2014; and
<br /> WHEREAS, there are reserve funds sufficient to partially reduce the originally scheduled levy for
<br /> General Obligation Series 2009A, 2011A, 2012A, and 2013A; and
<br /> WHEREAS, General Obligation Series 2008A requires a slightly higher amount; and
<br /> WHEREAS, General Obligation Series 2004 Refunding will require continued levy support to repay
<br /> the internal loan used to retire the bonds early.
<br /> NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota,
<br /> that
<br /> The Ramsey County Auditor is directed to change the 2015 tax levy for General Improvement Debt by
<br /> $139,900.95 from that which was originally scheduled upon the issuance of the bonds as follows:
<br /> Originally Additions
<br /> Scheduled or Certified
<br /> Bond Issue Levy Amount Reductions Debt Levy
<br /> GO Refunding 2004 ** $ - $ 150,000.00 $ 150,000.00
<br /> GO Equip Certs 2008A 354,658.50 341.50 355,000.00
<br /> GO Housing Imp 2009A 118,151.25 (118,151.25) -
<br /> GO 2011A 836,618.70 (1,618.70) 835,000.00
<br /> GO 2012A 1,424,272.50 (49,272.50) 1,375,000.00
<br /> GO 2013Arefunding 886,200.00 (121,200.00) 765,000.00
<br /> Total $3,619,900.95 $ (139,900.95) $3,480,000.00
<br /> The motion for the adoption of the foregoing resolution was duly seconded by member Etten and upon
<br /> a vote being taken thereon, the following voted in favor thereof: Willmus, Laliberte, Etten, McGehee,
<br /> Roe; and the following voted against the same: None.
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