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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSE TILLE * * * * * * * * * *' * Pursuant to due call and notice thereof, a reg lIar meeting of the City Council of the City of Roseville, County )f Ramsey, Minnesota was duly held on the 23rd day of June, 1986 at 7:30 p.m. The following members were present: Cushman, I Tohnson, Matson, Kehr, and Demos, and the following were absent: None. Member Kehr introduced the following resolutio: 1 and moved its adoption: RESOLUTION NO. 7917 Resolution Giving Approval to Supplemental Indenture of Trust and Supplemental Loan Agreement Relatinq to Outstanding Variable Rate Demand Commercial Development Bonds, Series F WHEREAS, (a) The City of Roseville (the "City") has au':horized, issued and delivered its $4,700,000 Variable Ratc~ Demand Commercial Development Revenue Bonds, Series F (Bergl ~r Transfer & Storage, Inc. Project) (the "Bonds") pursllant to that certain Indenture of Trust dated as of De(:ember 1, 1985 (the "Indenture") between the City and the Fir: it Trust Company, Inc. (the "Trustee"); (b) The City loaned the proceeds of the Bonds to Berger Transfer & Storage, Inc. (the "Borrower") pursuant to that certain Loan Agreement dated as of December 1, 191:5 (the "Loan Agreement") between City and the Borrower (c) The City requested that Standard and Poor s Corporation rate the Bonds; (d) Standard and Poor's Corporation requires i.hat certain changes be made to the Indenture and Loan Agreement before it will rate the Bonds; (e) The amendments to the Indenture requested by Standard and Poor's Corporation have been incorporated into a Supplemental Indenture of Trust between tl~ City and the Trustee (the "Supplemental Indenture"); (f) The amendments to the Loan Agreement requEsted by Standard and Poor's Corporation have been incorporcted into a Supplemental Loan Agreement between the Cjty and the Company (the-Supplemental Loan Agreement").