1963-3117r0
R890LUTION NOo 311? °~
RBSOLUTION AU1i~lORIZIl~ TRANSFBR FROM WATBR OI'BRATII~ PtJND TO
IMPROVSMSNT Bt3TVDS OF 1961 FUND AND WATBR BONDS OF 1961 FUIV?9~
RBTJCJCING AD VALOR&+I TAX LBVIBS
WHBRSASo Resolution No, 8624 provided for the sale of $1,1550000 Impr®vement
Bonds of 1961 and levied taxes for the repayment thereof,
WHERBASs Said resdlution ais® prodded for the sale ®f $i80g000 'Water Bonds
of 1961 and levied taxes for the payment thereof,
WHBRBASg It appe~.rs desirable to cancel or reduce s~xch ad valorem tax
le®ies~ to the extent that each reduc Lion is possible by reasoas
of transfers from the water operating fundo and
WHBRBRSa Suds transfers- shall be charged as aas expense to the Water ()perat®
3,ng Fund u ,
NOW TH8RSF0RBa BB YT R~3°SOLVED by the village council of the village of
Richfieidg Minnesotan as foiiows.s
1, The transfer and appropriation of $48s000 from... the 'Dater
Operating Fund to the Improvement Bonds of 1961 Fund is harem
bar authorized and directed,
2e mat transfer and appropriation a~f ~9®000 froffi the Water
' Operating Ft~~act #o the Water Bonds ®f 1961 Fund is hereby author®
ized and directed, .
3e The 1963 ad valorem tax levies in said Resolution No® 8624
$n the amouast of $48s000 end $9g000~ collectible ias 1964s levied
to-pay.principal and interest obligations ®f the Water Bonds of
1961 Frxnd is hereby ~cancelied®
4e A copy of this resolution shall be sent to the Oounty ~uditore
Passed by the council of the Village of Richf islet this 8th day of Octoberfl 1953,
AT1TSTe ~a~~-`~=2C~ ~`c
Edvrle Je Moli g lert[mTrease
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