84-6943R
RESOLUTION N0. 6943
RESOLUTION AUTHORIZING CANCELLATION OF CERTAIN AD VALOREM
TAX LEVIES ON IMPROVEMENT BONDS OF 1867 FUI~tD AND
REDUCING CERTAIN AD VALOREM TAX LEVIES
WHEREAS, Resolution No. 3901 provided for the sale of $275,000 Improvement
Bonds of 1867 and provided for taxes to be levied for the payment
of principal and interest thereon, and
WHEREAS, It appears desirable to cancel or reduce ad valorem tax levies to
be levied in 1984 due to the extent that such reduction is possible
by reason of substantial prepayment of special assessments and the
interest return on these funds, and
WHEREAS, The ad valorem tax levy requirement includes a 5 percent excess
provision.
NOW, '!'HEREFnRE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. That the amount levied in 1984, collectible in 1885,
on Resolution No. 3901 in the amount of $3,500 is
hereby canceled.
2. That a copy of this resolution shall be sent to the
Hennepin Counter Auditor.
Passed by the City Council of the City of Richfield, Minnesota, this
27th day of September, 1g84.
ATTEST:
ylv Berg City ler
CITY OF RICHFIELD, MINNESOTA
ANNUAL BUDGET