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10362047v1 <br /> <br /> <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE <br />CITY OF LITTLE CANADA, MINNESOTA <br />HELD: NOVEMBER 8, 2017 <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Little Canada, Ramsey County, Minnesota, was duly held at City Hall on November 8, 2017, <br />at 7:30 p.m. for the purpose, in part, of authorizing the call of certain outstanding Taxable <br />General Obligation Housing Improvement Area Bonds, Series 2009A. <br />The following members were present: <br />and the following were absent: <br />Member ________________ introduced the following resolution and moved its adoption: <br />RESOLUTION AUTHORIZING THE CALL OF THE OUTSTANDING TAXABLE <br />GENERAL OBLIGATION HOUSING IMPROVEMENT AREA BONDS, SERIES 2009A <br /> <br />WHEREAS, by Resolution duly adopted on November 9, 2009 (the "Resolution"), the <br />City issued $2,220,000 original principal amount of Taxable General Obligation Housing <br />Improvement Area Bonds, Series 2009A, dated December 3, 2009 (the "Bonds"). The City <br />determines to call the $1,200,000 principal amount of the Bonds which are the 2019 through <br />2025 maturities (the "Outstanding Bonds") on February 1, 2018, at a price of par plus accrued <br />interest. <br />NOW, THEREFORE, be it resolved by the City Council of the City of Little Canada, <br />Minnesota, as follows: <br />1. The City Council hereby determines to prepay on February 1, 2018, the <br />Outstanding Bonds and the interest due thereon. <br />2. Bond Trust Services Corporation, in Roseville, Minnesota, the Bond Registrar at <br />which the principal and interest on the Bonds are payable, is hereby authorized and directed to <br />cause the Notice of Call for Redemption attached hereto as Exhibit A to be given in accordance <br />with the provisions of the Resolution. <br />The motion for the adoption of the foregoing resolution was duly seconded by Member <br />____________, and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />Whereupon the resolution was declared duly passed and adopted.