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EXTRACT OF MINUTES OF MEETING OF THE VILLAGE COUNCIL OF ROSEVILLE, MINNESOTA. HELD ON January 18, 1965 * * * * * * * * * * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the Village Council of the Village of Roseville, Minnesota was duly called and held at the Village Hall in said Village on January 18, 1965, at 7:30 p.m. The following members were present: Mayor Cedarholm, Trustees Curley, Goodrich, Grauel and Shields and the following members were absent: None Member Goodrich introduced the following resolution and moved its adoption: RESOLUTION NO. 1134 A WHEREAS, the ad valorem property tax is at present the only significant source of local government revenue; real and personal property tax levies by local government are at all-time highs and will continue to rise unless new sources of revenue are found for local government; WHEREAS, the excessive burden of the ad valorem property tax in Minnesota could be significantly lessened if the levy made by the state on the source were reduced or eliminated; WHEIlliAS, the Village of Roseville and the League of Minnesota Municipalities recognizes that the many complex factors must be considered before the state property tax levy could be reduced or eliminated. Among these are possible alternative methodS of financing the state's bonded indebtedness, and financing the Teacher's Retirement Sys tern ; NOW, THEREFORE, BE IT RESOLVED by the Village of Rosevil1e, Minnesota, that the League of Minnesota Municipalities be supported in urging that the legislature embark on a program of gradual withdrawal of the state from the property tax field in the shortest possible time and to the greatest extent possible consistent with the needs of proper financing of state government. The motion for the adoption of the foregoing resolution was duly seconded by Member Curley, and upon a vote being taken thereon, all members voted in favor of the same, and no one voted against the resolution. WHEREUPON, said reSOlution was declared duly passed and adopted.