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1966-3714rRESOLUTION N0.3714 1-~~ RESOLUTION AUIEIORIZING TRANSFER FROM WATER OPERATING FUND 1~0 IMPROVEMENT BONDS OF 1960 PUND AND REDUCING CERTAIN AD VALOREM TAX LBVIES Wfi8REA5, Resolution Nm. 2321 provided for the saole of $620,000 General~Improve« merit Bonds of 1960 and levied taxes for the repayment tnereof0 1~REAS,_It appears desirable to cancel ©r reduce such ad valorem tax levies to the e~ctent that. such reduction is possible. bq reasen mf transfers. frmm the water operating fund, and sewer utility fupd, and VdHBREA~, Such transfers shall be charged to the Water~Operating Pund and Sewer Utility Fund. NOW THEREFE~tE, BB IT RESQLVE~3 by the city council of the City mf Richfield, lytinnescata, as fmiiows: f~ The transfer and apprmpriation of $1,454.00 from the 'UVater,-Operating Pund to the Improvement Bonds mf 1960 Fund is hereby authmrized and dire cted0 2, The 1966 ad valorem tax levy in said Resolution Nm0 2321 in the am©unt mf $13,200.00, collectible in 1967, levied tm pay principal and interest obligations of the Improvement Bonds mf 1960 Fund is hereby reduced to X2,460000. 3. The 1966 ad valorem tax levy in said Resm lution No. 2609 in the amount mf $10,000 c©liectibie in 1967, levied to pay principal and interest mbligations of the Improvement Bonds mf 1960 Fund is hereby redu ced tm $9,440.00. _ 4. The 1966 ad valorem tax Leroy in said Resolution No. 2862 in the amount mf $2750,00, collectible in 1967,. levied tm pay principal. and interest obligations of the Improvement Bonds mf 1960 Fund is hereby reduced to $2596000. Pasaed by the council mf the City of Richfield this 10th day of October, 1966. ~~~~ Stanley W'. Olsmn, Mayor fittest: ~G~~ Edw. J. Moiit~, Cierlc®Treasa 3~ l~ ~~