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• EXTRACT OF MINUTES OF MEETING CITY COUNCIL OF THE CITY OF FALCON HEIGHTS, MINNESOTA Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Falcon Heights, Minnesota, was duly called and held at the City Hall in Falcon Heights, Mim~esota, on Wednesday, February 12, 2003. The following members were present: Susan Gehrz, :Mayor, Council members Laura Kuettel, Robert Lamb and Richard Talbot and the following members were absent: peter Lindstrom Member Talbot introduced the following resolution and moved its adoption: Resolution No. 2003-04 RESOLUTION CALLING FOR REDEMPTION OF OUTSTANDING GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1993, DATED MAY 1, 1993 WHEREAS, the City Council of the City of Falcon Heights, Minnesota (the "City"), issued on behalf of the City $1,075,000 General Obligation Improvement Bonds, Series 1993, dated May 1, 1993 (the "1993 Bonds"), of which $130,000 still remains outstanding; and WHEREAS, all of the 1993 Bonds maturing in the years 2000 and later years are subject to redemption and prepayment at the option of the City on February 1, 1999 and on any date thereafter, at the price of par plus accrued interest to the date of redemption, all as provided in the resolution adopted by the City Council on April 14, 1993, authorizing the issuance of the 1993 Bonds (the "1993 Resolution"); and WHEREAS, the City Council deems it desirable and in the best interests of the City to call those Bonds maturing in the year 2004 totaling $130,000 in principal amount, on April 1, 2003, in accordance with the 1993 Resolution; and, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon Heights, Minnesota, as follows: (1) All of the 1993 Bonds maturing in the year 2004, totaling $130,000 in principal amount • shall be redeemed and prepaid on April 1, 2003, at par, plus accrued interest.