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88-7408R78 RESOLUTION N0. 7408 RESOLUTION CANCELLING CERTIFICATION OF SPECIAL ASSESSMENT FOR ACADEMY OF THE HOLY ANGELS FIRE SUPPRESSION IMPROVEMENTS MHEREAS, the City of Richfield has certified a special assessment for the fire suppression improvements for the Academy of the Holy Angel; and MHEREAS, the assessment adopted contained a provision which imposed an 8~ per annum interest charge on the unpaid balance of said special assessment; and MHEREAS, the Academy of the Holy Angels has not completed but $35,000 of the total of $610,000 project; and MHEREAS, the City of Richfield normally certifies an assessment after either the majority or total work slated for public improvement has been completed; and MHEREAS, there would be no adverse impact upon the City to - cancel the certification of said special assessment for 1987 and recertify it after such time as the project has been substantially completed. NOM, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield that the 1987 certification for the Academy of the Holy Angels fire suppression improvements special assessment has been cancelled; .and NOIN, THEREFORE, BE IT FURTHER RESOLVED that the City Council shall recertify said special assessment at a future date after substantial completion of the fire suppression improvements. Adopted this 28th day of March, 1988 by the City Council of the City of Richfield. rf" ~;' /~ / teven J. Q Mayor ATTEST: Thomas P. Ferber City Clerk