82-6660R92
RESOLUTION N0. 6660
RESOLUTION AUTHORIZING CANCELLATION OF CERTAIN AD VALOREM
TAX LEVIES ON WATER BONDS OF 1962 FUND AND
REDUCING CERTAIN AD VALOREM TAX LEVIES
WHEREAS, Resolution No. 2877 provided for the sale of $1,500,000 Water
Bonds of 1962 and provided for taxes to be levied for the
repayment of principal and interest thereof, and
WHEREAS, It appears desirable to cancel or reduce such remaining. ad valorem
tax levy to be levied in 1982 by reason that there are currently
sufficient funds available in the debt redemption fund to pay in
19$3 the principal and interest on the above bonds, and
WHEREAS, The. ad valorem tax levy requirement includes a 5 percent excess
provision.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. That the amount to be levied in 1982, collectible in
1983 on Resolution No. 2877, in the amount of $95,300
is hereby canceled.
2. That a copy of this resolution shall be sent to the
Hennepin County Auditor.
Passed by the City Council of the City of Richfield, Minnesota,
this 4th day of October, 1982.
ATTEST:
S is K. Bergh Ci Clerk