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1. ~~ <br /> <br />Page 4 <br />Council Minutes <br />December 21, 1994 <br />A RESOLUTION REDUCING THE 1995 DEBT LEVY ON <br />GENERAL OBLIGATION DEBT <br />r <br />II <br />Administrator Hoyt explained that the debt issued by the city should be removed from <br />the 1995 tax levy because the city proposes to cover these costs with its available <br />debt service funds. A resolution must be adopted by the council and forwarded to <br />the Ramsey County Auditor. Councilmember Hustad moved to adopt R-94-28 <br />reducing the 1995 debt levy on general obligation debt by $131,000. Motion carried <br />unanimously. <br />ADJOURNMENT <br />The meeting adjourned at 7:26 p.m. <br /> <br />[~ <br />Patricia Phillips <br />Acting Recording Sec <br />vK J <br />Sue Gehrz, Acting Mayor <br />