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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, 2001 <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 19th day of December, 200L <br />The following members were present: <br />Fahey, Scalze, LaValle, Montour, Anderson; <br />and the following members were absent: None. <br />Council Member introduced the following resolution and moved its adoption: <br />A RESOLUTION APPROVING THE 2002 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 2002: <br />Bonded Debt: <br />Public Project Refunding of 1993 $291,700.00 <br />AND WHEREAS, <br />Public Project Refunding of 1993 <br />Proposed Levy $291,700.00 <br />Reduced -291 700.00 <br />Amended Levy 0.00 <br />There is hereby irrevocably appropriated the sum of $291,700.00 which shall be credited <br />to the debt service funds of the Public Project Refunding Bonds of 1993, and the County <br />Auditor is hereby authorized and instructed to reduce the amount mentioned above that <br />tax which would be included in the roll for the year 2001 collectable 2002. <br />AND WHEREAS, <br />The "Certification of Payable 2002 Debt Levy" is made part of this resolution. <br />Page 61 <br />