1976-5592r1
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RI150LU'?'ION N0. 5592
RESOLU'T10i1 AUTIIORII:CNC CANCIILLA'CION OIL CERTAIN AD VALOP~T1 '1'A)i
L)1VIES ON II~"i1?ROVEI`17~N'T' T30NDS OF 1960
[~IH1;FtJ;AS, Resolution IQo, 2862 provided for taxes to be levied for the re-
payment of principal and interest on the Improvement Londs of 1960,
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WIIL;RrAS, It appears desirable to cancel or reduce such ad valorem tax levy
to be levied in 1976 by reason that there are currently sufficient
funds available in the debt redemption fund to pay all remaining
principal and interest on such bonds. '.
NOt~, TIIERET?ORT', BE IT RESOLVED by the. city council of the City of }:ichfield,
Minnesota, as follours
1. That the amount to be levied in 1976, collectible in 1977
on Resolution No, 2862 in .the amount of 53,750, is hereby
cancelled, '
Z. `.Chat a copy of ti?is resolution shall be sent to the Hennepin
County Auditor,
Passed by the city council of the City of Richfield this 8th day
of October, 1976.
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~~/L `en L. LaF1 L ~ M Tor
ATTEST;
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'.Chomas J. Moran City Cleric