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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 10th day of September, 2012 at 6:00 p.m. The following members were present: McGehee, Willmus, Roe and the following were absent: Johnson, Pust Member Willmus introduced the following resolution and moved its adoption: RESOLUTION No. 11008 RESOLUTION DIRECTING THE COUNTY AUDITOR TO ADJUST THE APPROVED TAX LEVY FOR 2013 BONDED DEBT WHEREAS,the City will be required to make debt service payments on General Obligation Debt in 2013; and WHEREAS,there are reserve funds sufficient to reduce the levy for General Obligation Series 2003A,and 2009A, 2009B, 2011A; and WHEREAS,General Obligation Series 23 has been refunded and replaced with series 2004A and requires a continuing levy; and WHEREAS, General Obligation Series 2008A requires a slightly higher amount; and WHEREAS,General Obligation Series 2012A is expected to be issued in the fall of 2012 and will require a levy in 2013. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, that The Ramsey County Auditor is directed to change the 2013 tax levy for General Improvement Debt by $646,049 from that which was originally scheduled upon the issuance of the bonds. The motion for the adoption of the foregoing resolution was duly seconded by member McGehee and upon a vote being taken thereon,the following voted in favor thereof: McGehee,Willmus,Roe and the following voted against the same: none. WHEREUPON, said resolution was declared duly passed and adopted.