1967-3877r1 ~.~
RBSt~1.UTI®N NO, 38??
RB8'~YotTTION AU1~iORIZII~ TIt~1~FER BR®M V114~TER OI~BRf&TI1~U PTJND
TO INfF'ROVNT BONDS OF 1960 FUND AND R8IR1CI1~ CERTAIN AD
VAIARBM TAX IALfi1I85
WHEREA~s Resoluti®n No, 2321 provided for the sale of $620s000 General
Imp~ove~aent Bonds of 1960 and levied taxes for the repayment
tlf~ re®f o
Wl~ERE~B's It apg~ars desirable to cancel or reduce such ad valorem tax
levies to the extent that such reduction is possible by
season of transfers from the water operating funds and server
.utility funds and
Ss Such transfers shall be charged to the Water Operating Fund
and Sewer Utility Fundo
NOW Tf~REFOREs BB IT RESOI.tiBD by the city council of the City of
Richfields Minnesotan as followso
la The transfer and appropriation of $1454000 From the Water
Operating Fund to the Improvement Bonds of 1960 Fund is hereby.
authorised and directeda
2, The 196? ad vai®rem tax levy in said Resisiution Noa 2321 in
the amount ®f ~13n200o00s collectible in 1968n levied to pay
principal and interest ob~,igations of the Improvement Bonds
of 1960 Fund is hereby reduced to $12s460m00,
3o The 196? ad valorem tax levy in said Resolution No,. 2609 in
the amount of $1On000 coil~ctibie in 1968n levied to pay
principal and interest obligations of the Impro~rement Bonds
of 1960 Fund is hereby reduced to $9s400o000
4o The 196? ad valorem $ax levy in said Resolution No, 2862 in
the amount ®f $2?50o00s collectible in 1968s levied to pay
principal and .interest obligations of the Improverr~ nt Bonds`
of 1960 Fund is hereby reduced to $2596000,
Fa,ssed by the council of the City of Richfield this 9th day of ®ctobern
l96?a
~•~
~.
3taniey W, Olson, Mayor
AT'~STo
_ Edward ~o Mol nes Clerlc~Treaso