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the County Auditor's certificate that the Mounds View Certificate has been entered in the County <br />Auditor's Bond Register, and the tax levy required by law has been made. <br />6. Mounds View understands and acknowledges that, as of the date the <br />Certificates were sold, Mounds View's share of debt service on the Certificates pursuant to the <br />Formula is 16.373%. Mounds View further understands and acknowledges that the precise <br />contribution amounts for Mounds View under the Formula may change over time, and Mounds <br />View may be obligated to pay an additional amount, or a reduced amount, of debt service on the <br />Mounds View Certificate if the Formula changes accordingly. Any additional amount of debt <br />service may be provided through the levy of ad valorem taxes, or through payments from Mounds <br />View's general fund. Any changes in debt service payments under the Mounds View Certificate <br />may be made administratively by the City Finance Director, without further resolution of this <br />Council. <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />member and, after full discussion thereof and upon a vote being taken thereon, <br />the following voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Carol A. Mueller, Mayor <br />Attest: <br />Nyle Zikmund, City Administrator <br />SEAL: <br />4 <br />5199642 JSB BL140-35 <br />