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1967-3881r~2~ RE80LYJTION NOo 3881 RE8OI:UTTON AtT7%30RIZII~ fiRANSFER F~9M V+I~TER OPERATING FUND T1'9 Il~li®it~3MR1~ BONiIS~ OF 1955 FUND A1V17 REI~[JC7~,I~ CBI~TAIN AD VAY,OREM TAX Y~EV'IES ~s Resolution No0 3442 provided for the sale pf ~2s000s000 Improve® meat Bonds of 1965 and levied taxes for the rep~.yment thereofs WI-YER~~s It appears desirable to c~.racel or reduce such ad valorem tax levies to the extent that such ~redu~:tion is possible by reason of transfers from the v~ater operating farads and 8s such transfers shall be charged to the Water tYper~.ting Fund, Nit T~-lEREFOREs BE YT RE80IvitED by the city council of the City of Richfields Minnesotan as follows> l0 Tkae transfer and appropriati®n of ~39n325000 from the Water Operating .fund to the Improvement bonds of 1965 Fund is' hereby authorized a~ directed0 20 The 196y ad valoreaa tax levy in s~.id Resolution No, 3442 in the amount of ~169s200000s collectible in 19688 levied. to pay pri~ac~ipal and interest obligations ®f the Improvement Bonds of 1965 Fund is hereby reduced to $66s675©000 ~0 A Dopy of this res®lution shall be ,sent to the County Auditor0 Passed by the council of the City of Richfield this 9th day of October, 196°l0 `~''.~w1 Stanley W® Olsons Mayor Attest$ ~ ~~~~~ Edgard Jo Moline s C1er~mTrc~~.s0 1