78-5978R90
RESOLUTION NO. 5978
RESOLU^1ION RELATING TO THE DISCONTINUATION OF THE
INIPROVENiENT BONDS OF 1956 , SERIES A, DEBT
SERVICE FUND AND TRANSFER OF SURPLUS
WHEREAS, On February 1, 1956, the-city council issued Special
Assessment Improvment bonds in the amount of $500,000
and
WHEREAS, Final payment for principal and intere t maturities
was made on August 1, 1977, and
WHEREAS, A major portion of the delinquent special assessments
has .been. collected, and
...WHEREAS, It appears desirable to discontinue this fund.
IJOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota, as follows:
1. The appropriate cost surplus. of $2,366 in the
Improvement Bonds of 1956, Series A, Fund be
transferred to the Improvement .Bonds of 1961
Fund.
2. The Improvement Bonds of 1956,. Series A, Fund be
discontinued as of December 31, 1978.
Passed by the City Council of the. City of Richfield, Minnesota this
.5th day of October, 1978.
n L. Law v / -Mayor
ATTEST:
omas J. ran City Clerk