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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, Minneso- ta was duly held on the 27th day of August, 1990 at 7:30 p.m. The following members were present: Maschka, Cushman, Thomas, and Rog, and the following were absent: Johnson. Member Cushman introduced the following resolution and moved its adoption: RESOLUTION 8612 RESOLUTION DIRECTING THE COUNTY AUDITOR TO ADJUST THE TAX LEVY FOR BONDED DEBT WHEREAS, the City Council will be issuing General Improvement Bonds in 1991 requiring a new levy; and WHEREAS, the General Obligation Series 5, 6,7,8,9,10 have a balance of dedicated funds, thus a levy is no longer needed and Series 15 and 14 have some funds on hand to reduce the levy for 1991 and WHEREAS, the City Council will be issuing Certificates of Indebtedness for Equipment in 1991 requiring a new levy. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, that The Ramsey County Auditor be directed to increase the 1991 tax levy for the planned General Improvement Bond Issue Series 17, 1991 by $240,000, Certificates of Indebtedness by $272,000 and to decrease the General Obligation Issues Series 5,6,7,8,9,10,14, and 15 levy by $448,877. The motion for the adoption of the foregoing resolution was duly seconded by member Maschka and upon a vote being taken thereon, the following voted in favor thereof: Maschka, Cushman, Thomas, and Rog, and the following voted against the same: None. WHEREUPON, said resolution was declared duly passed and adopted.