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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 <br />Roseville, County of Ramsey, Minnesota was duly held on the 15th day of September, 2003 at <br />6:00 p.m. <br /> <br />The following members were present: Kough, Maschka, Klausing, Schroeder and Kysylyczyn, <br />and the following were absent: none. <br /> <br />Member Maschka introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION 10176 <br /> <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />ADJUST THE APPROVED TAX LEVY FOR 2004 BONDED DEBT <br /> <br />WHEREAS, the City will be required to make debt service payments on General hnprovement <br />Debt in 2004 and <br /> <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General hnprovement Issues <br />Series 19,23,25, and 2003A by a combined amount of $390,204 and <br /> <br />WHEREAS, General hnprovement Issues Series 15, 16, 17, 18 and 22 have been defeased and <br />are no longer outstanding. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, <br />Minnesota, that <br /> <br />The Ramsey County Auditor is directed to decrease the 2004 tax levy for General hnprovement <br />Debt by $390,204 from that which was originally scheduled upon the issuance of the bonds, <br />which is being paid 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 <br />and upon a vote being taken thereon, the following voted in favor thereof: Kough, Maschka, <br />Klausing, Schroeder and Kysylyczyn <br /> <br />and the following voted against the same: none. <br /> <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />