85-7123R._ _
68
RESOLUTION N0. 7123
.-._
RESOLUTION AWARDING THE SALE OF $1$,.675,000
GENERAL OBLIGATION TEMPORARY REDEVELOPMENT BONDS, SERIES 1985
FIXING THEIR FORM AND SPECIFICATIONS; •
DIRECTING THEIR ERECUTION AND DELIVERY;
AND PROVIDING-FOR THEIR PAYMENT.
BE IT RESOLVED•By the City Council of the City of Richfield,
Minnesota, (City) as follows:
Section 1. Saie of Bonds.
1.01. The bid of -Norw ~t Sa u ; ~' _ Inc a
(Purchaser) to purchase $18,675,000 General Obligation Temporary' Redevelop-
ment Bonds, Series 1985 (Bonds) of the City described in the Official
Notice of Sale thereof is hereby found and determined to be the highest axed
best bid received pursuant to duly advertised notice of sale and shall be
and;, is ..hereby accepted, the bid. being to purchase the Bonds at a price of
$1~,~~a.6-q? _ plus accrued interest to date of delivery, for Bonds bearing
interest at the rate of 6.0.0 ~ per annum
The City Finance Director is directed to deposit the good faith check of
the Purchaser on behalf of the City pending completion of the sale and
delivery of the Bonds and to return the checks. of the unsuccessful bidders
forthwith. The .sum..of $18.675 being the amount offered by the Purchaser
in excess of $18,488,250 shall be credited to the Debt Service Fund created
by Section 3.
1.02. The City shall forthwith issue and sell the Bonds in the total
principal amount of $18,675,000, originallq dated as of December I, 19$5,
the Bonds being in fully registered form and issued in the denomination of
$5.,000 or any integral multiple thereof, numbered no. R-1 upward, bearing
interest as above set forth, and which Bonds mature on December 1, 1988.
The City may elect on .December 1, 1986, and on any interest payment date
thereafter, to_ prepay the Bonds in whole or in part. If onlq part of the
Bonds are called for prepayment the specific bonds to be prepaid will be
chosen by lot by the Registrar. All prepayments shall be at a price of par
and accrued interest to date of redemption.
Section 2. Form: Registration.
2.01. Registered Form. The Bonds shall be issuable only in fully
registered form. The interest thereon and, upon surrender of each Bond,
the principal amount thereo sha1Z be payable by check or draft issued b~,
the Registrar described here n.
2.02. .Dates; Interest
the Last interest. payment c
which interest on the Bond
unless (i) the date of authe;
interest has been paid or m;
Band shall be dated as of tb
authentication is prior to J
dated as~of December I, 1985
on December 1 and June I its
owner of. record thereof as of
the immediately preceding man
~yment Dates. Each Bond shall be dated as of
ae preceding the date of authentication to
as been paid or made available for payment,
acation is an interest payment date to which
Ie available for payment, in which case such
date of authentication, or (ii) the date of
ne 1, 1986, in which case such Boad shall be
The interest on the Bonds shall be payable
each year, commencing June 1, 198b, to the
the close of business oa the fifteenth day of
h, whether or not such daq is a business day.
2.03. R~e~istration. The Citq shall appoint, and shall maintain, a
bond registrar, tzansfer agent, authenticating agent and paying -agent
(Registrar). The effect of registration and the rights and duties of the
City and the Registrar with respect thereto shall be as follows:
(a) Register. Thee Registrar shall keep at its principal corpo-
rate. trust4off3ce a boad~l,register in which the Registrar shall provide
for the registration ofl ownership of Bonds and the registration of
transfers and exchanges, of Bonds entitled to be registered, trans-
ferred or exchanged. '
(b) Transfer of Bo'
duly endorsed by the r
written instrument of tr.
duly e;.ecuted b~ the red
authorized by the regis
authenticate and deliver
transferees, one or moz
amount and maturity, as
may, however, close the
the fifteenth dap of the
and until such interest ~
ds. Upon surrender for transfer of any Bond.
gistered owner thereof or accompanied by a
asfer, in form satisfactory to the Registrar,
Lstered owner thereof or by an attorney duly
:erect owner in writing, the Registrar shall
in the name of the designated transferee or
new Bonds of a like aggregate principal
requested by the transferor. The Registrar
gooks for registration of any transfer after
month preceding each interest payment date
3yment .date.
(c) Exchan a of Boards. Whenever any Bonds are surrendered by
the registered owner far ,exchange the Registrar shall authenticate and
deliver one or more new Bonds of a 3ike aggregate principal amount and
maturity, as requested by'Ithe registered owner or the owner's attorney
in writing.
(d) Cancellation. AIZ Bonds surrendered .upon any transfer or
exchange shall' be promptly cancelled by the Registrar and thereafter
disposed of as direct' '°- *he City.
(e) Improper or Unauthorized Transfer. When any Bond is pre-
sented to the. Registrar ',,for transfer, the Registrar may refuse to
transfer the same until it is satisfied that the endorsement on such
Band or separate instrument of transfer is valid and genuine and that
the requested transfer i!s legally authorized. The Registrar shall
incur no liability for the refusal, in good faith, to make transfers
which it, in its judgment, deems improper or unauthorized.
(f) Persons Deemed Owners. The City-and the Registrar may treat
the person in whose name any Bond is at nay time registered in the
-bond register as the absolute owner of such Bond, whether such Bond
shall be overdue or no , for the purpose of.receiving payment of, or
on account of, the principal of and interest oa such Boad and for all
other purposes, and all such payments so made to any such registered
owner or upon the owner's order shall be valid. and effectual to
satisfq and discharge the liability upon such Bond to the extent of
the sum or sums so paid.
(g)~ Taxes, Fees and Charges. For every transfer or exchange of
Bonds, the Registrar may impose a charge upon the owner thereof suffi-
cient to reimburse the Registrar for any tax, fee or other govern-
mental charge required to be paid with respect to such transfer or
exchange.
(h) Mutilated, Lost, Stolen or Destroyed Bonds. In case .any
Boad shall become mutilated or be destroyed, stolen or Lost, the
Registrar shall deliver a new Bond. of like amount, number, maturity
date and tenor in exchange and substitution for and upon cancellation
of any such mutilated Bond or in lieu of and in substitution for any
such Bond destroyed, stolen or lost, upon the payment of the reason-
able expenses and charges of the Registrar in connection therewith;
and, in the case of a Bond destroyed, stolen or Iost, upon filing with
the Registrar of evidence satisfactory to it that such Bond was
destroyed, stolen or lost, and of the ownership thereof, and upon
furnishing to the Registrar of an appropriate band or indemnity in
form, substance and amount satisfactory, to it, in which. both the City
and the Registrar shall be named as obligees. All Bonds so sur-
rendered to the Registrar shall be cancelled by it and evidence of
such cancellation shall be given to the City. If the mutilated,
destroyed, stolen or lost Bond has already matured or been called for
redemption in accordance with its terms it shall not be necessary to
issue a new Bond prior .to payment.
(i) In the event any of the Bonds are called for redemption,
notice thereof identifying the Bonds to be redeemed will be given by
the Registrar by mailing a copy of the redemption notice by first
class mail (postage prepaid) not mare than b0 and not less than 30
days prior to the date fixed for redemption to the registered owner of
each Bond to be redeemed at the address shown on the registration
books kept.by the Registrar and by publishing said notice is the
manner required by law. Failure to give such notice by publication or
by mail to any registered owner, or any defect therein, will not
affect the validity of any proceeding for the redemption of Bonds.
All Bonds so called for redemption will cease to bear interest after
the specified redemption date, provided that the funds for the redemp-
tion are an deposit with the place of payment at that time.
2.04. Appointment of Initial Registrar. The City hereby appoints
American D'ational Bank and Trust Company, St. Paul, Minnesota, as the
initial Registrar. _The May r and. the Manager are authorized to execute and
deliver, on behalf of the C~ty a contract with the Registrar. Upoa merger
or consolidation of the Registrar with another corporation, if the resultW
ing corporation is a bank !or trust company authorized by law to conduct
such business, such corpor tion shall be authorized to act as successor
Registrar.:: The City agrees to pay the reasonable and customary charges of
the Registrar for the services performed. The City reserves the right to
remove the Registrar upon ~0 days' notice and upon the appointment of a
successor Registrar, in which event the predecessor Registrar shall deliver
all cash and Bonds in its possession to the successor Registrar and shall
deliver the bond register tb the successor Registrar. On or before each
principal or interest due date, without further order of this Council, the
Finance: Director shall transmit to the Registrar moneys sufficient for the
paymeat of all principal andinterest then due. .
Z.OS. E~ce~, cu~tio_n, A
prepared under the direction
of the City by the signature
all signatures may be prince
originals. In case any off
signature shall appear on tf
the delivery of any Bond, suc
valid and sufficient for al]
office until delivery. Note
valid or obligatory for any
under this Resolution unless
such Bond has been duly eyes
representative of the Registz
ent Bonds need not be signe
^ertificate of authenticateo
that. it has been authenticat
the fonds have been so prep:
Director shall deliver the s
the purchase price in accords
and executed, aad the Purct
application of the purchase p
lzzcatzon and Deliver The Bonds shall be
~f the Manager and shall be executed on behalf
s of the Mayor and the Manager, provided that
i, engraved or lithographed facsimiles of the
cer whose signature or a facsimile o£ whose
:Bonds shall cease to be such offieer before
i signature or facsimile shall nevertheless be
purposes, the same as if he had remained in
.thstanding such execution, no Bond shall be
~rpose or entitled to any security or benefit
and until a certificate of authentication on
.ted by the manual signature of an authorized
,r. ,Certificates of auth.2nticatioa on differ-
I by the same representative. The executed
on each Bond shall. be conclusive evidence
d and delivered under this Resolution. When
red, executed and authenticated, the Finance
me to the Purchaser thereof upon payment of
:ce with the contract of sale heretofore made
ser shall not be obligated to see to the
2.06. Fora of Bonds. The Bands shall be printed in substantially .the
following form:
[Face. of the Bond]
UNITED STATES OF AMERICA
STATE OF MZNNES02A
GOUNTY OF HENNEPIN
. CITY OF RICHFIELD
GENERAL OBLIGATION TEMPORARY REDEVELOPMENT-BOND, .SERIES-1985
' Date of
Rate Maturity Original Issue CUSZP
~~~ ~ December I, 1985
No. R-
KNOW EVERYONE BY THESE PRESENTS that the City of Richfield, a
duly organized and existing municipal corporation in Hennepin County,
Minnesota (City),. acknowledges itself to be indebted and for value received
hereby promises to pay to
or registered assigns the principal sum of $ on the maturity date
specified above, with interest thereoa from the date hereof at the annual
rate specified above, payable June 1 and December l in each year, com-
mencing June 1, 1986, to the person in whose name this Bond is registered
at the close of business on the 15th~day (whether or not a business day) of
the immediately preceding month. The interest hereon and, upon presenta-
tion and surrender hereof, the principal hereof are payable in lawful money
of the United States of America by check or draft by American National Bank
and Trust Company, St. Paul, Minnesota, as Bond Registrar, Transfer Ageat,
Authenticating Agent and Paying Agent, or its designated successor under
the Resolution described herein.. For the prompt and full payment of such
principal and interest as the same respectively become due, the full faith
and credit aad taxing powers of the City have been and are hereby irrevo-
cably pledged.
The City may elect on December I, 1986, and on any interest payment
date thereafter, to prepay bonds of this issue in whole or in part. If
only part of the Bands having a common maturity date are called for prepay-
ment the specific. bonds to be prepaid will be chosen by lot by the Regis-
trar. All prepaymen ~.; au~.'.1 be at a -=~-' -~ of par and accrued interest to
date of redemption.
Zn the event any of the Bonds are called for redemptioa, notice
thereof identifying the Bonds to be redeemed will be given by the Registrar
by mailing a copq of the redemption notice bq first class mail (postage
prepaid) not more than 60 and not Iess than 30 days prior to the date fixed.
GENERAL
Rate Maturity
No.
e of the Bond)
STATES OF AMERICA
E OF MINNESOTA
TY OF HENNEPIN
OF RICHFIELD
ION REFUI3DING BOND OF 1985
Date of
Original Issue CUSZP
December i, 1985
The City of Richfield,' a' duly organized and existing. municipal
cozporation in Hennepin County, lkinnesota (City)., acknowledges itself to be
indebted and for value received hereby promises to paq to
or registered assigns, the prcc
<$~,000) on the maturity date spE
date hereof at the annual rate spe
in each year, co~amencing August 1,
is registered at the close of ba
businass nay) of the immediately px
presentation and surrender hereof,
money of the United States
Authenticating Agent and Paying
Resolution described herein. Foi
and interest as the same respecti
taxing powers of the City have beE
The City may elect on
date thereafter, to prepaq Bonds
Redemption may be is whole or i
redemption is in part, those
maturity date will be prepaid fi
maturity date are called for pre
chosen by lot by the Registrar.
accrued interest.
Additional provisions of 'this Bond are contained on the reverse hereof
and such provisions shall for alI pjarpases have the same effect as though fully
set forth in this place. j
This Bond shall not be valid or become obligatory for any purpose or
be entitled to any security or' benefit under the Resolution until the.
pal sum of THOUSAND DOLLARS
afied above, with interest thereon .from the
ified above, payable February 1 and August .1
19$6, to the person in~whose-name this Bond
airless on the i5th day {whether or not a
:.ceding month. The interest hereon and, upon
the principal hereof are payable in lawful
of America by check or draft by
as Bond Registrar,
ent, or its designated successor under the
ie prompt and full payment of such principal
Ly become due, the full faith and credit and
and are hereby irrevocably pledged.
February 1, 1995, and on any interest payment
ofthis issue due on or after February 1, 1996.
n part of the Bonds subject to prepayment . If
Bonds remaining unpaid which have. the latest
zst. Lf anly part of the Bonds having a common
payfaeat the specific Bonds to be prepaid will be
Al;l prepayments shall be at a price of par and
for redemption to the registered owner of each Bond to be redeemed at the
address shown on the registration brooks kept by the Registrar and by
publishing said notice in the manner required by law. Failure to give. such
notice by publication or by mail to any registered owner, or any defect
therein, will not affect the validity of any proceeding for the redemption
of Bonds. All Bands so called for redemption will cease to bear interest
after the specified redemption date, provided that the funds for the
redemption are on deposit with the place of payment at that time.
Additional provisions of this Bond are contained on the reverse hereof
and such provisions shall for all purposes have. the same effect as though
fully set forth in this place.
This Bond shall not be valid or become obligatorq for any purpose or
be entitled to any security or benefit under the Resolution until the
Certificate of Authentication hereon shall have been executed by the Bond
Registrar bq manual signature of one of its authorized representatives.
IN WITNESS WHEREOF, the Citq of Richfield, Hennepin County, Minnesota,
by its City Council, has caused this Bond to be executed of its behalf by
'the facsimile signatures of the Mayor and City Manager and has caused this
Bond to be dated as of the date set forth below.
Dated:
(facsimile)
City Manager
CERTIFICATE
AIITHENTIGATION
This is one of the Bonds delivered pursuant to the Resolution
mentioned within.
By
Authorized Representative
[Reverse of the Bond)
This Bond is one of an issue in the aggregate principal amount of
$18,675,000, all of like original date and tenor, except as to number,
maturity date, interest rate, and provision for redemption, issued pursuant
to a resolution adopted by the City Council on December 2, I985 (the
Resolution), for the purpose of providing moneq to finance all or a portion
of the public redevelopment c
Tax Increment Financing Distr
fu21 conformity with the C
Minnesota, including Mianesc
Section 462.411, et seq. and
Increments) resulting from
property in the District pars
City and the Housing and RedE
dated 1985, but
and, at or prior to the mat
issue and sell definitive, lc
the interest on and principa
cannot be paid from Tax Incre
properlq available and are a
this series are issued only
~S,DOO or any integral multp:
As provided in the Reso
forth therein, this Bond is i
principal office of the Bond
person or by his attorney du:
together with a written iasi
Registrar, duly executed by
also be surrendered in exch~
bons. IIpon such transfer o
Bonds to be issued in the na
the same aggregate principal
maturing on the same date,
governmental charge required
exchange,
gists of a project (Project) in a Redevelopment:
Let (District) in the City, pursuant to and in
institution and the laws of the. State of
to Statutes, Sections 273.71 to 273.78 and
is payable primarily from tax increments (Tax
ncreases in the assessed valuation of real
cant to a tax increment agreement between the
velopment Authority of the City of Richfield,
constitutes a general obligation of the .City
-ritq of this bond the City is .obligated to
ag term or additional temporary bonds to pay
Z of this bond to the extent. that the same
Tents or from other municipal funds which are
?propriated for such purpose. The bonds of
s fully registered bonds in denominations of
e thereof of a single maturity.
ition and subject to certain limitations set
ansferable upon the books of the Citq at the
registrar, by the registered owner hereof in
authorized in writing upon surrender hereof
ument of transfer satisfactory to the Bond
~e registered owner or his attorney; and may
ge for Bonds of other authorized denomina-
exchange the City will cause a new Bond ar
of the transferee or registered owner, of
count, bearing interest a the same rate and
bject to reimbursement for any tax, fee or
o be paid with respect to such-transfer or
The City and the Bond Reg',istrar may deem and treat the person in .whose
name this Bond is registered{as the absolute owner hereof, whether this
Bond is overdue or not., for the purpose of receiving payment. and for all
other purposes, and neither the City nor the Bond Registrar shall be
affected by any notice to the (,contrary.
2T ZS HEREBY CERTIFIED, RECITED, COVENANTED AIdD AGREED that all acts,
conditions and things requiredby the charter of the City and the Constitu-
tion and .laws of the State ofl Minnesota, to be done, to exist, to happen
and to be performed• preliminary to and in the issuance of this Bond in
order to make it a valid and, binding general obligation of the City in
accordance with its terms, ha a been dose, do exist have happened and have
been performed as so required,; and that the issuance of this Bond does not
cause the indebtedness of the IiCity to exceed any constitutional, statutory
or charter limitation of indebtedness.
(Form of certificate to bye printed on the reverse side of each Bond,
following a full copy of the legal opinion.)
I certify that the above is a full,, true and correct copy of the legal
opinion rendered by bond counsel on the issue of Bonds of the City of
Richfield, Minnesota, which includes the within Bond, dated as of the date
of delivery of and payment. for the Bonds.
.(Facsimile Signature).
City Clerk
The fallowing abbreviations, when used in the inscription of the
face of this Bond, shall be construed as though they were written out in
full according to applicable laws or regulations; .
TEN COM -- as tenants UNIF GZFT MIN ACT Custodian
in common (Gust) (Minor)
TEN ENT -- as tenants _
by entireties ~ under Uniform Gifts to Minors
JT TEN -- as point tenants with
right of survivorship and Act .
not as tenants in common (State)
Additional abbreviations may also be used though not in the
above List.
ASSIGI3MENT
For value received, the undersigned hereby sells, assigns and
transfers unto
the within Bond and all rights thereunder, and
does hereby irrevocably constitute and appoint
attorney to transfer the said Bond on the books kept far registration of
the within Bond, with full power of substitution in the premises.
Dated:
Notice: The assignor's signature to this assignment must
correspond with the name as it appears upon the
face of the within Bond in every particular, with-
out alteration or any change whatever.
Signature Guaranteed:
Signature(s) must be guaranti
brokerage firm having a membt
by a national bank or trust company or by
tip in one of the: major stock exchanges.
The Bond Registrar will not. effect transfer of this Bond unless
the information concerning tl~e assignee requested below is provided.
Fame and Address:
_ _. this
Please insert social secur
other identifying number of
e information for all joint
ad is held by joint account)
or
owners
2.07. The Clerk shall c
opinion of LeFevere, Lefler
Association, Minneapolis, Mia
dating thereof and shall. cap
together with a certificate t
Clerk in substantially the fc
is hereby authorized and dire
of the City upon receipt of
City offices.
Section 3. S
3.01. The Bonds or addi
issued sha12 be payable from
(Debt Service Fund) hereby crE
from the Tax Increment Fina.
Redevelopment Project (Projec
by the City pursuant to the
November 12~, I985 . between tl
Authority of the City of -Rich.
pledged to the Debt Service ~
Bonds and any additional temp
aid of the Project. If any p
shall become due when there
Fund -to pay the same, the F:
interest from the general funs
for such advances out of proc
the proceeds of additional to
the Project.
3.02. The
donee with its
273.77, Clause
brain a copy of the proposed approving legal
Kennedy, O'Brien ~ Drawz, a Professional
aesota, which shall be complete except as to
,se the opinion to be printed on each Bond,
be signed by the facsimile signature of the
rnn set- forth in the form of Bond. The Clerk
cted to execute such certificate is the name
such opinion and to file the opinion is t:~e
tonal temporary or long term bonds similarly
she ILN Tax Increment Bond Debt Service~Fuad
iced,-and all tax .increments (Tax Increments)
sing District (the District) in which the
financed by the Bonds is located received
Tax Iactement~ Agreement (Agreement) dated
e City and the Housing and Redevelopment
3e1d are hereby irrevocably appropriated and
end to pay principal of and interest on the
nary or long term definitive bonds issued in
~yment of principal or interest on the Bonds
s not sufficient money~in the Debt Service
nance.Director shall pay such principal or
of the City and such fund may be reimbursed
eds of Tax Increments when received or from
~porary or long term bonds issued in aid of
City Council herewith covenants and agrees that in accor-
statutory duties as provided in Minnesota Statutes, Section
(d), it will 'spay and retire the Bonds and the interest
thereon out of the proceeds of additional temporary bonds or Iong term
definitive bonds which the City Council will issue and sell at or prior to
the maturity of the Bonds to the extent that the Bonds cannot be paid out
of moneys available. in the Debt Service Fund or out. of other municipal
funds which are available and appropriated by the City Council to such
purpose. The proceeds of such additional bonds or Long term definitive
bonds, any taxes hereafter levied for that purpose, and any special assess-
ments levied for Project costs are pledged to the Debt Service Fund.
3.03.. It is determined that the proceeds of the Tax iacrements and
additional temporary and Iong term definitive bonds as received will be
adequate to gay principal and interest on the Bonds when due and that no
tax levy pursuant to Minnesota Statutes, Section 475.61 is needed at this
time. The Manager is directed. to file a certified copy of the resolution
with the Director of Property Taxation of Hennepin County and to obtain the
certificate required by Minnesota Statutes, Section 475.63.
3.04. The Housing and Redevelopment Authority of the City has pre-
sented to .this Council an executed Tax Increment Agreement, a form of which
has been reviewed by the Council and which is on file with the City Clerk.
The Mayor and the Citq Manager-Clerk are authorized aad directed to execute
aad deliver the. Tax Increment Agreement on behalf of the City.
Section 4. Common Plan of Financin
4.01. It is found and determined that the scope, intensity and extent
of the Public Redevelopment Costs for the Project and the private improve-
. rents whose construction is anticipated to be stimulated thereby requires
.the issuance and sale, from time to time, of temporary and long term
definitive bonds, including the Bonds, to finance those Public Redevelop-
. meet Costs. -~
4.02. It is the intent of the City Council by this Resolution, by the
Tax Increment Agreement between the HRA and the City and the TIF Plan, to
authorize the issuance and sale of the aggregate principal amount of
X18,675,000 of general obligation bonds is temporary or long term defini-
tive form under Section 273.77, Clauses (a) and (c) and such issuance and
sale is hereby authorized.
4.03. Aay additional temporary bonds issued pursuant to this resolu-
tion to pay and retire the Bonds shall be issued in substantially the form
provided for in this resolution. Any long term definitive bonds issued
pursuant to this resalution shall be in such form, be dated, and mature at
such times as shall be fixed by subsequent resolution of this Council and
shall bear interest at such rates as shall be determined by the Council at
public or private sale as may be permitted by Iaw.
4.04. Capitalized terms used in this resalution have the meanings
given them in Resolution No. 7106, dated November 12, 1985.
Section 5. Authentication of Transcript.
5.01. The officers of the City are hereby authorized and directed to
prepare and furnish to the Purchaser and to the attorneys approving the
Bonds certified copies of pro
the Bonds and to the fnancia]
other certificates, affidavit:
the facts within their knowle
their custody and under their
ability of the Bonds and sucl
nished, sha11 be deemed repre;
therein.
5.02.. The Mayor, ManagE
and directed to certify than
prepared .and circulated fn c
Bonds and that, :to the, best,
Statement is, as of -the date
Lion of the facts and repres
City.- -
:eedings and records of the City relating to
coadit3on and affairs of the City, and such
and transcripts as may be required to show
tge or as shown by the books and records in
:ontrol, relating to the validity and market-
instrumeats, including any heretofore fuz-
entations of the City as to the facts stated
and Finance Director are hereby authorized
they have examined the Official Statement
nectian with the issuance and sale of the
`-their knowledge and belief the Official
zereof, a complete and accurate representa-
tatons made therein as it relates to the
Passed by the City Council of the City of Richfield this 2nd day of
December, 1985. `
ATTEST:
Thomas P. Ferber C',ity Clerk