1973-5089rt2~,S0~,~!`1' ~O.~T N~ o ~Od9
RESOLU`IION AU`IHORIZINC ':TRANSFER. FROM WA`~ER U'IILI`'S' F[JNU '~,'f'0
WA.'1'ER BONGS OF 1961 BUNU AND REDUCING CER`IA:LN A0 VALORRM
TAB LEVIES
WHEREAS, Resolution No, 2624 provided for the sale of $120,000 Writer Bonds of
1961 and provided for tames to be levied for the repayment of principal
and interest thereon, and
WHEREAS, It appears desirable to cancel or reduce such a,d valorem tax levy to
be levied in 1973 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, and
WHEREAS, 'l~he ad valorem tax levy requirement includes a S% excess provision
NOW, I`HEREFORE, BE IT RESOLVED by the city council of the City of Richfield,
Minnesota, as follows;
1. 'T'hat the transfer and appropriation of $7,600 from the Wa.~ter Utility
Fund to the Water Bonds of 1961 Fund is hereby authorized and
directed,
2, 'That the amount to be levied in 1973, collectible in 1974 on Resolu~
tion Noo 2624, :in the amount of $8,000 is hereby cancelledo
30 `T'hat a copy of this resolution sha11 be sent to the Hennepin County
Auditor,
Passed by the council of the City of Richfield this 9th~ay of October, 19730
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Loen L, Law ~~ Mayor
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Attest;
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C
fil~oma.s Ja Mo~a~ . Gi~y Cleric
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