1973-5099rRESOLUTION No. 5099
RESOLUTION RELATING TO THE DISCONTINUATION OF THE IMPROVEMENT
BONDS OF 1953, SERIES B, DEBT SERVICE FUND AND TRANSFER OF
SURPLUS
WHEREAS, On November 1, 1953 the city issued special assessment Improvement Bonds
in the amount of $1,043,000, anal
WHEREAS, Final payment for principal and interest maturities was made on November 1,
1972, and
WHEREAS, A major portion of the delinquent special assessments have been collected,
and
WHEREAS, It appears desirable to discontinue this fund.
NOW, THEREFORE, BE IT RESOLVED by the city council of the City of Richfield,
Minnesota, than
1. The approximate cash surplus of $10,055 in the Improvement Bonds of
1953, Series B, be transferred to the General Fund.
2. The Improvement Bonds of 1953, Series B Fund, be discontinued as of°
December 31, 1973.
Passed by the city council of the City of Richfield this 9th day of October, 1973.
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~~~ o~oren L. Law ~ `~ t` ~ Mayor
ATTEST:
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'~.o~mas J. Moraxi~ ~ City Clerk
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