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Councilmember introduced the following resolution and moved for its adoption: <br /> RESOLUTION #16-10-203 <br /> RESOLUTION ADOPTING CONDUIT DEBT POLICY <br /> WHEREAS, the City of Ramsey issues what is known as "Pass Through Debt" for a not-for <br /> profit or other agency to take advantage of the city's tax exempt status; and <br /> WHEREAS, the Conduit Debt Policy outlines the terms and conditions for the issuance of <br /> conduit debt. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> RAMSEY,ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> 1) That the City Council hereby authorizes the Conduit Debt Policy with its Terms and <br /> Conditions as listed. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br /> , and upon vote being taken thereon, the following voted in favor thereof: <br /> and the following voted against the same: <br /> and the following abstained: <br /> and the following were absent: <br /> Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br /> the 25h day of October, 2016. <br /> Mayor Sarah Strommen <br /> ATTEST: <br /> City Clerk Jo Ann M. Thieling <br />