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to 469.1799, as amended. This Subdivision shall not require the City to divest or expend any <br />excess of any reserve fund(s) currently exceeding the specified limit, provided the Council, <br />within 90 days of adopting this Section, designates by resolution the purpose of the reserve or <br />adopts a modified Five Year Financial Plan reflecting the reserve purpose. <br />Subdivision 5. Nothing in this Section shall be construed to impair any general obligation <br />the City may have in support of otherwise lawful indebtedness or similar obligation supported by <br />the full faith and credit of the City, provided, however, that long-term, general obligation <br />indebtedness shall not be used for the purpose of funding the routine and daily business <br />operations of the City. <br />(Section 7.03 Amended by Referendum Election, November 2006) <br />19 <br />