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Page 4 <br /> Council Minutes <br /> December 21, 1994 <br /> A RESOLUTION REDUCING THE 1995 DEBT LEVY ON <br /> GENERAL OBLIGATION DEBT <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 /> Sue Gehrz, Acting Mayor <br /> Patricia Phillips <br /> Acting Recording Secretary <br />