1973-5098rRESQ:LO`?'IOi~T Noa 5095
RESOL~T'1'I01~' REBATING `f0 7.H'HE 1~ISCONI'IN~C"A~ION OF `THE I:MPROVEMEN"f
BONBS OF 1950 T~EBT SERVICE F"tiND A~'D TRA~TSFFR OP SHRP1,'!TS
WHEREAS9 On August 1, 1950 the city a..ssued. special assessment Improvement Bonds
in the amount of $590,0009 anal
WHEREAS, Final payment for principal and interest maturities was made on February
1, 1971, and
WHER~AS9 A manor portion of the delinquent special assessments have been collected,
and
WHEREAS, It appears desira'b1e to discontinue this fund,
NOWe THEREFORE, BE TT RESOI,VEH by t'he city council of the City of Richfield9
Minnesota, thato
1o The approximate cash surplus of 519202 in the Tmpro'vement Bonds of 1950
be transferred to the General Fund,
2, The Improvement Bonds of 1950 Fund be discontinued as of :December 31,
19730
Passed by the council of the City of R~.chfield this 9th day of October, 1973a
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-' ~~ ~ Z,oren Lo ~La~v '~ ~~ Mayor
ATTESTo
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`T`homas Jo Mo~a.n City Cler~C