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EXTRACT OF MINUTES <br />01? A MEETING OF THE CITY COUNCIL <br />OF THE CITY OF LITTLE CANADA, MINNESOTA <br />DECEMBER 21, 2011 <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 called and held at the City Center <br />of said City on the 21st day of December, 2011. <br />The following members were present: <br />Blesener, Boss, Keis, McGraw, and Montour; <br />and the following members were absent: None <br />Council Member introduced the following resolution and moved its adoption: <br />A RESOLUTION APPROVING THE 2012 BONDED INDEBTEDNESS <br />TAX LEVY REDUCTIONS AS RECOMMENDED BY CITY STAFF <br />WHEREAS, <br />City staff presented to the Council the proposed bonded indebtedness tax levy reductions <br />for 2012: <br />Bonded Debt: <br />GO Imp. Revolving 2007A <br />GO 2008 A <br />AND WHEREAS, <br />$199,931.34 <br />$21,718.65 <br />GO Imp. Revolving 2007A <br />Proposed Levy $199,931.34 <br />Reduced - 199,931.34 <br />Amended Levy $0.00 <br />There is hereby irrevocably appropriated the sum of $199,931.34 which shall be credited <br />to the debt service funds of the GO Imp. Revolving 2007A, and the County Auditor is <br />hereby authorized and instructed to reduce the amount mentioned above that tax which <br />would be included in the roll for the year 2011 collectable 2012. <br />5 <br />