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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 12th day of February, 1990, at 7:30 p.m. The following members were present: Thomas, Maschka, Cushman, and Rog, and the following were absent: Johnson. Member Cushman introduced the following resolution and moved its adoption: RESOLUTION NO. 8544 RESOLUTION AUTHORIZING CERTAIN ACTIONS WITH RESPECT TO A PROJECT UNDER MINNESOTA STATUTES, CHAPTER 462C, AND RENTAL HOUSING REVENUE BONDS ISSUED TO FINANCE THE PROJECT BE IT RESOLVED, by the City Council of the city of Roseville, Minnesota, as follows: 1. By resolutions adopted on October 28, 1985, and October 27, 1986, the City Council authorized the issuance and remarketing of its Rental Housing Revenue Bonds (Rosepointe I Project), Series 1985-A in the principal amount of $14,400,000 (the "Bonds"). 2. In order to provide for certain amendments to the terms of the Bonds, Rosepointe Housing Limited Partnership (the "Partnership") has requested that the City Council approve the execution and delivery of a Third Supplemental Indenture of Trust, dated as of February 1, 1990, between Norwest Bank Minnesota, National Association (the "Trustee") and the city (the "Supplement") and an Amendment to Remarketing Agreement, dated as of February 1, 1990, among the city, Miller & Schroeder Financial, Inc. (the "Remarketing Agent"), the Trustee, and the Partnership (the "Remarketing Amendment") . 3. Subject to the approval of the city Attorney and the provisions of section 5, the forms of the Supplement and the Remarketing Amendment are approved substantially in the forms submitted except as otherwise provided in paragraph 5 hereof. The Supplement and the Remarketing Amendment, in substantially the forms submitted, are directed to be executed in the name and on behalf of the City by the Mayor and the City Manager. Any other documents and certificates necessary to the transaction described above shall be executed by the appropriate City officers. Copies of all of the documents necessary to the transaction herein described shall be delivered, filed and recorded as provided herein and in said Supplement and the Remarketing Amendment.