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EXTRACT OF MINUTES OF MEETING OF rHE 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 26th day of August, 1991 at 7:30 p.m. The following members were present: and Rog, and the following were absent: Maschka, Cushman, Johnson, Thomas, None. Member Johnson introduced the following resolution and moved its adoption: RESOLUTION 8706 RESOLUTION DIRECTING THE COUNTY AUDITOR TO ADJUST THE TAX LEVY FOR BONDED DEBT WHEREAS, the City Council will be issuing General Improvement Bonds in 1992 requiring a new levy; and WHEREAS, the City Council will be issuing Certificates of Indebtedness for Equipment in 1992 requiring a new levy; and WHEREAS, there are reserve funds sufficient to reduce the levy for General Improvement Issues 6,7,8,9,10,11, and 17 in the amount of $452,915. 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 18, 1992 by $240,000, Certificates of Indebtedness by $292,400 and to reduce the levy by $452,915, which is being paid by debt service reserves. The motion for the adoption of the foregoing resolution was duly seconded by member Thomas and upon a vote being taken thereon, the following voted in favor thereof: Maschka, Cushman, Johnson, Thomas, and Rog, and the following voted against the same: None. WHEREUPON, said resolution was declared duly passed and adopted.