80-6293R49
RESOLUTION NO. 6293
RESOLUTION AUTHORIZING TRANSFER FROM WATER UTILITY FUND
TO IMPROVEMENT BONDS OF '1960 AND CANCELING
LEVIES OF IMPROVEMENT BONDS OF 1960
WHEREAS, Resolution No. 2862 provided for taxes to be levied for the
payment of principal and interest on the Improvement Bonds
of 1960, and
WHEREAS, It appears desirable to ,cancel or reduce such ad valorem tax
levy to be levied in 1980 by reason of transfer from the
Water Utility Fund and that there are currently remaining
sufficient funds available in the debt redemption fund to
pay all remaining principal and interest on such bonds.
NOW, THEREFORE,. BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota, as follows:
1. That the transfer and appropriation of $146 from the
Water Utility Fund to the Improvement Bonds of 1960
Fund is hereby authorized and directed.
2. That the amount to be levied in 1980, collectible in
1981 on Resolution No. 2862 in the amount of $2,750
is hereby canceled.
3. 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 6th day of October, 1980.
i
n d J. Priebe Mayor
ATTEST:
Syl K. Bergh- Acting City rk