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EXTRACT OF MINUTES <br />OF CITY COUNCIL <br />OF CITY OF LITTLE CANADA <br />RAMSEY COUNTY, MINNESOTA <br />DECEMBER 9, 1992 <br />Pursuant to due call and notice thereof, the City Council of the City <br />of Little Canada met in regular session at the City Hall on <br />Wednesday, the 9th day of December, 1992 at 7:30 O'Clock P.M. <br />The following members were present: Hanson, Biesener, Collova, <br />LaValle, and Scalze; and <br />the following were absent: None. <br />Council Member introduced the following resolution and moved <br />its adoption: <br />A RESOLUTION APPROVING THE 1993 BONDED INDEBTEDNESS <br />TAX LEVY REDUCTIONS AS RECOMMENDED BY CITY STAFF <br />WHEREAS, <br />City Staff presented to the Council the following proposed bonded <br />indebtedness tax levy for 1993 which involve some reductions to Debt <br />Levy: <br />Bonded Debt: <br />1992B Storm Sewer Refunding Bonds <br />1966 Special Assessment Bonds & <br />1967 Special Assessment Bonds <br />1978 Special Assessment Bonds <br />1983 Special Assessment Bonds <br />1985 Refunding Bonds <br />1990 Fire Station Installment Contract <br />TOTAL <br />AND WHEREAS, <br />$131,667 <br />86,275 <br />177,300 <br />49,000 <br />80,300 <br />140,000 <br />$664,542 <br />1. 1966 Special Assessment Bonds ($1,600M) <br />Proposed Levy $49,400.00 <br />Reduced 7,400.00 <br />Amended Levy $42,000.00 <br />There is hereby irrevocably appropriated the sum of $7,400.00 which <br />shall be credited to the debt service funds of the Bonds of 1966, and <br />the County Auditor is hereby authorized and instructed to reduce by <br />the amount mentioned above that tax which would be included in the <br />roll for the year 1992 collectable 1993. <br />Page 3 <br />