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2005-99 I . . CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DA TE: December 12" 2005 RESOLUTION NO: 2005-99 MOTION BY: Lundquist SECONDED BY: Tiornhom A RESOLUTION CANCELING $285,000 OF THE 1998A PARK GO BOND DEBT SERVICE LEVY PAYABLE IN 2006 WHEREAS, the City Council of the City of Chanhassen, Minnesota, is using $285,000 in General Fund reserves to reduce the amount of debt needed to be levied for the 1998A GO Park Bonds; and WHEREAS, the City Council is authorizing Carver County to cancel $285,000 in Debt Service Levy for this debt, bringing the debt service levy amount for this market value debt to $636,128 for 2006. Passed and adopted by the Chanhassen City Council this 12th day of December, 2005. ATTEST: iL A.~ l~~k todd Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT Lundquist Peterson Tjornhom None Furlong Labatt