82-6650R82
RESOLUTION N0. 6650
RESOLUTION SUPPORTING CONSTITUTIONAL AMENDMENT N0. 2,
AN AMENDMENT TO THE MINNESOTA CONSTITUTION RELATING TO
HIGHWAY BONDING
WHEREAS, the City Council of the City of Richfield has reviewed the facts
concerning the need for a Minnesota Constitutional Amendment, removing highway
bonding restrictions in the Minnesota Constitution, and
WHEREAS, the City Council finds that a S% interest rate and $150 million
maximum borrowing amount are obsolete in current economic times, and
WHEREAS, the City Council recognizes the urgent need to provide flexibility
to the state legislature and administration to be able to adequately fund
necessary trunk highway and bridge repairs and replacements, and.
WHEREAS, the City Council believes that additional capability to support
good highways will also aid in improving the economic vitality of Minnesota and
the City of Richfield by providing more jobs and transportation facilities for
the movement of goods and materials in the state.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota,. that the City Council does hereby support Constitutional Amendment No.
2, an amendment to the Minnesota Constitution to remove restrictions on the interest
rates for Highway bonds, and
BE IT FURTHER RESOLVED that the City Council of the City of Richfield
urges all residents of the City voting at the November 2, 1982 election, to cast
a "Yes" vote for Constitutional Amendment No. 2.
Passed this .13th day of Septen
ATTEST:
Sylvi Bergh City Clerk