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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 17,1997 <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 17'h day of December, 1997. <br />The following members were present: <br />Fahey, Scalze, LaValle, Morelan, and Pedersen; <br />and the following were absent: None. <br />Council Member introduced the following resolution and moved its adoption: <br />A RESOLUTION APPROVING THE 1998 BONDED INDEBTEDNESS <br />TAX LEVY REDUCTIONS AS RECOMMENDED BY CITY STAFF <br />WHEREAS, <br />City Staff presented to the Council the following proposed bonded indebtedness tax levy <br />reductions for 1998: <br />Bonded Debt: <br />Public Project Rev. Refunding 1993 $159,300.00 <br />G.O. Sewer Refunding 1992B 491 290.00 <br />Total $650,590.00 <br />AND WHEREAS, <br />1. Public Project Rev. Refunding 1993 <br />Proposed Levy $159,300.00 <br />Reduced - 159,300.00 <br />Amended Levy 0.00 <br />There is hereby irrevocably appropriated the sum of $159,300.00 which shall be credited <br />to the debt service funds of the Public Project Rev. Refunding Bonds of 1993, and the <br />County Auditor is hereby authorized and instructed to reduce the amount mentioned <br />above that tax which would be included in the roll for the year 1997 collectable 1998. <br />G.O. Sewer Refunding 1992B ($1,485M) <br />Proposed Levy $491,290.00 <br />Reduced - 491,290.00 <br />Amended Levy 0.00 <br />Page 31 <br />