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1963-3120r`76 RESOLUTION 1WC), 3120 1 1 RBSOLU~'!ON PRgVIIaING FOR APPRQPRIATiON. OF .1'UNI~ FOR PAI'MIiNT OF INZBRB~ COSTS ANA REDUCING AD VAtARBM 3~X LEVY-FOR ZHB GBI~BRAL OBLIGATION WATER BON!?S OF 1963 WHERF.A,4'e Resolutiott No. 3079 awarding the sale of $187008000 General Obiigam Lion-Water Bonds of 1963 also levied ta~ees: for the payment of principal and interest thereone az~ ~So Said resolution provided such levy in each year may be reduced by any aunt ~:ppr©priatecl to the General Obligation Bonds- of 196 Sinl~ing Fund to pay principal and interest during the ensuing year, and W~R'Et~Se 1'he interest cost of financing Village Pro3ect Nosa 440, 4548 4600 4888 4898 and 490p all water plant constructs®n8 $8 capitalised as a past of construction costae and Wf~RIiKSe Construction and determination of costs ~vi11 not be completed until sometime in 1963 and 19648 NOW THBRBFORBB BB IT R89QLVBD by the council of the Village .of Richf ielde to That the ad valorem tax levy in the amount ®f X348851 levied.in 1963 collectible in 1964 for the payment of such interest is hereby declared a construction cost and funds are appropriated from the various village project construction funds for such payment, 2e That the 1963 ad valorem tam levy' in the amount of $348858 far the General Obligation Mater Bonds of 1963 coilectibie:in 1964 is hereby canceliede and that a copy of this resolution shall be sent to the Hennepin County Auditoro 3, That the manager and director of finance shall bring into effect the provisions of this re soiutiono 1 Passed by the council of the Viiiage of Richf ieid this '8th day- of October8 1963s ClerlcmTr seater Lac ~. ~Q;~,-s-~ Mayor Manager