78-5968R79
RESOLUTION NO. 5968
RESOLUTION AUTHORIZING TRANSFER FROM WATER UTILITY
IMPROVEMENT BONDS OF 1960 AND CANCELLING
LEVIES ON IMPROVEMENT BONDS OF 1960
[~JHEREAS, Resolution No. 2862 provided for taxes to be
levied for the payment of principal and in-
terest on the Improvement Bonds of 1960, and
WHEREAS, It appears desirable to cancel or reduce such
ad valorem tax levy to be levied in 1978 by
reason of transfer from the Water Utility Fund
and that there are currently remaining suff ic-
ient funds available in the debt redemption
fund to pay all remaining principal and interest
on such bonds.
NO[^1, THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield, NTinnesota as follows:
1. That the transfer and appropriation of $146
from the Water Utility Fund to the Improve-
ment Bonds of 1960 Fund is hereby authorized
and directed.
2. That the amount to be levied in 1978, coll-
ectible in 1979 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 Ci/~~~f Richfield, Minnesota
this 5th day of October, 1978. ,, A ~,
en L.-Law ~ ` Mayor
ATTEST:
Thomas J. Moran, City Clerk