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<br />3 <br /> <br /> 2.03. Changes in Formula. The City understands and acknowledges that, as of the date the <br />Certificates were sold, the City’s share of debt service on the Certificates pursuant to the Formula is 15.819%. <br />The City’s contribution to the debt service on the Certificates, as shown on Exhibit A hereto, is $202,343.80. <br />The City further understands and acknowledges that the precise contribution amounts of the City under the <br />Formula may change over time, and the City may be obligated to pay an additional amount, or a reduced <br />amount, of debt service on the Mounds View Certificate if the Formula changes accordingly. Any additional <br />amount of debt service may be provided through the levy of ad valorem taxes, or through payments from the <br />City’s general fund. Any changes in debt service payments under the Mounds View Certificate that differ from <br />the amount provided for in Exhibit A, or through the tax levy chart in Exhibit C, may be made administratively <br />by the City, without further resolution of this Council. <br /> <br /> 2.04. Certificate as to Registration. The City Administrator is directed to file a certified copy of this <br />Resolution with the Ramsey County Property Records and Revenue Office and to obtain the certificate required <br />by Section 475.63 of the Act. <br /> <br /> <br /> <br /> <br /> <br /> <br />(The remainder of this page is intentionally left blank) <br /> <br /> <br />