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EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />* * * * * ~ <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, <br />County of Ramsey, Minnesota was duly held on the 15th day of September, 2008 at 6:00 p.m. <br />The following members were present: Roe, Ihlan, Willmus, Pust and Klausing, and the following were <br />absent: none. <br />Member Roe introduced the following resolution and moved its adoption: <br />RESOLUTION No. 10656 <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />ADJUST THE APPROVED TAX LEVY FOR 2009 BONDED DEBT <br />WHEREAS, the City will be required to make debt service payments on General Improvement Debt in <br />2009 and <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General Improvement Issues Series 20, <br />25, 2003A, and 2004A; and additional amounts are needed for Series 25, 1994A, and 2008A and <br />WHEREAS, General Improvement Issues Series 22 has been defeased and is no longer outstanding; and <br />series 23 has been refunded and replaced with series 2004A. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, that <br />The Ramsey County Auditor is directed to change the 2009 tax levy for General Improvement Debt by <br />$88,744.46 from that which was originally scheduled upon the issuance of the bonds, which is being paid by <br />debt service reserves or are for debt issues no longer outstanding. <br />The motion for the adoption of the foregoing resolution was duly seconded by Member Klausing and upon a <br />vote being taken thereon, the following voted in favor thereof: Roe, Willmus, Pust and Klausing <br />and the following voted against the same: Ihlan. <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />Page 8 of 9 <br />