79-6132R'3
RESOLUTION N0. 6132
RESOLUTION AUTHORIZING TRANSFER FROM WATER UTILITY
IMPROVEMENT BONDS OF 1960 AND CANCELLING
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 1979 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 1979, collectible in 1980
on Resolution No. 2862 in the amount of $2,750 is hereby
cancelled.
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 24th day of September, 1979.
en L. Law
ATTEST:
via K. Bergh Acti City Clerk