Res_11359 - Laserfiche WebLink

Home

EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE X �t * �: X �C X X )C * �C 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 12th day of September, 2016 at 6:00 p.m. The following members were present: Laliberte, McGehee, Willmus, Etten and Roe and the following were absent: none. Member McGehee introduced the following resolution and moved its adoption: RESOLUTION 11359 RESOLUTION DIRECTING THE COUNTY AUDITOR TO ADJUST THE APPROVED TAX LEVY FOR 2017 BONDED DEBT WHEREAS, the City will be required to make debt service payments on General Obligation Debt in 2017; and WHEREAS, there are reserve funds sufficient to partially reduce the originally scheduled levy for General Obligation Series 2009A, 2011A, 2012A, and 2013A; and WHEREAS, General Obligation Series 2008A requires a slightly higher amount. 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 2017 tax levy for General Improvement Debt by $295,742.08 from that which was originally scheduled upon the issuance of the bonds as follows: Originally Additions Scheduled or Certified Bond Issue Levy Amount Reductions Debt Lew GO Equip Certs 2008A $ 353,36438 $ 1,635.62 $ 355,000.00 GO Housing Imp 2009A 1 l 7,337.50 (117,337.50) - G02011A 841,532.70 (6,532.70) 835,000.00 GO 2012A 1,433,932.50 (58,932.50) 1,375,000.00 G02013Arefunding 879,575.00 (114,575.00) 765,000.00 Total $ 3,625,742.08 $ (295,742.08) $ 3,330,000.00 The motion for the adoption of the foregoing resolution was duly seconded by member Etten and upon a vote being taken thereon, the following voted in favor thereof: Laliberte, McGehee, Willmus, Etten and Roe and the following voted against the same: none. WHEREUPON, said resolution was declared duly passed and adopted.