1969-4267r~~
RESOLUTION N0. 4267
RESOLUTION AUTHORIZING TRANSFER FROM WATER UTILITY FUND TO WATER
BONDS OF 1961 FUND AND REDUCING CERTAIN AD VALOREM TAX LEVIES
WHEREAS, Resolution No. 2624 provided for the sale of $120,000 Water Bonds
of 1961 and provided for taxes to be levied for the repayment of
principal and interest thereon, and
WHEREAS, It appears desirable to cancel or reduce such ad valorem tax
levy to be levied in 1969 to the extent that such reduction is possible
by reason of transfer from the Water Utility Fund, and
WHEREAS, Such transfer shall be charged to the Water Utility Fund,
NOW THEREFORE, BE IT RESOLVED by the city council of the City of Richfield,
Minnesota, as follows:
1. That the transfer and appropriation of $9,000 from the Water
Utility Fund to the Water Bonds of 1961 Fund is hereby authorized
and directed.
2. That the amount to be levied in 1969 collectible in 1970 on
Resolution No. 2624 in the amount of $9,000 is .hereby cancelled.
3. That a copy of this resolution shall be sent to the Hennepin
County Auditor,
Passed by the council of the City of Richfield this 30th day of September,
19 69 .
Stanley W. Olson, Mayor
Attest: ~
'T`homas J. gran, City Clerk
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