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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 Roseville, <br />County of Ramsey, Minnesota was duly held on the 19th day of August, 2002 at 7:00 p.m. <br /> <br />The following members were present: Maschka, Kough and Klausing <br />and the following were absent: none. <br /> <br />Member Maschka introduced the following resolution and moved its adoption: <br /> <br />Resolution No. 10026 <br /> <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />ADJUST THE APPROVED TAX LEVY FOR 2003 BONDED DEBT <br /> <br />WHEREAS, the City will be required to make debt service payments on General Improvement Debt in <br />2003 and <br /> <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General Improvement Issues Series <br />19, 23, and 25 in the amount of $127,098. Series 18 and 22 have been defeased and are no longer <br />outstanding. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City ofRoseville, Minnesota, that <br /> <br />The Ramsey County Auditor is directed to decrease the 2003 tax levy for General Improvement Debt by <br />$127,098 from that which was originally scheduled upon the issuance of the bonds, which is being paid <br />by debt service reserves or are for debt issues no longer outstanding. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by member Kough and upon a <br />vote being taken thereon, the following voted in favor thereof: Maschka, Kough and Klausing <br /> <br />and the following voted against the same: none. <br /> <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />