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EXTRACT OF 1�ZINUTES OF 1�ZEETING OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />* * * * * * �r * * * � <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br />Roseville, County of Ramsey, Minnesota was duly held on the 19th day of August, 2002 at 7:00 <br />p.m. <br />The following members were present: <br />, and the following were absent: <br />Member introduced the following resolution and moved its adoption: <br />RESOLUTION <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />ADJUST THE APPROVED TA�Y LEVY FOR 2003 BONDED DEBT <br />WHEREAS, the City will be required to make debt service payments on General Improvement <br />Debt in 2003 and <br />WHEREAS, there are reserve funds sufficient to reduce the levy for General Improvement Issues <br />Series 19, 23, and 25 in the amount of $127,098. Series 18 and 22 have been defeased and are <br />no longer outstanding. <br />NOW, THEREFORE, BE TT RESOLVED, by the City Council of the City of Roseville, <br />Minnesota, that <br />The Ramsey County Auditor is directed to decrease the 2003 tax levy for General Improvement <br />Debt by $127,098 from that which was originally scheduled upon the issuance of the bonds, <br />which is being paid by 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 and <br />upon a vote being taken thereon, the following voted in favor thereoi <br />and the following voted against the same: <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />