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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Mounds View, Minnesota, as follows: <br />1. The City Council hereby approves the issuance of the Bonds to <br />refund the Series 2005A Bonds to achieve at least the statutorily required debt service <br />savings. <br />2. The City Council hereby affirms its obligations under the Joint <br />Powers Agreement to pay its applicable share of the debt service on the Bonds. The <br />Mayor and City Administrator are hereby authorized to execute on behalf of Mounds <br />View, to Blaine a note, certificate or other instrument evidencing the pledge of Mounds <br />View's full faith and credit and taxing powers to pay the applicable share of debt service <br />on the Bonds in accordance with the Joint Powers Agreement and to carry out on behalf <br />of Mounds View, Mounds View's obligations thereunder. <br />Adopted this 14th day of January, 2013. <br />Joe Flaherty, Mayor <br />ATTEST: <br />James Ericson, City Administrator <br />(seal) <br />ME <br />420641vl JSB 61.140-17 <br />