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EXTRACT OF MINUTES <br />OF A MEETING OF THE CITY COUNCIL <br />OF' THE CITY OF LITTLE CANADA, MINNESOTA <br />DECEMBER 19, 2007 <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 l9'h day of December, 2007. <br />The following members were present: <br />Blesener, Allan, 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 2008 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 2008: <br />Bonded Debt: <br />GO Imp. Revolving 2007A $202,220.34 <br />AND WHEREAS, <br />GO Imp. Revolving 2007A <br />Proposed Levy $202,220.34 <br />Reduced -202 220.34 <br />Amended Levy 0.00 <br />There is hereby irrevocably appropriated the sum of $202,220.34 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 2007 collectable 2008. <br />AND WHEREAS, <br />The "Certification of Payable 2008 Debt Levy" is made part of this resolution. <br />3 <br />