1976-5652r106
., RESOLUTION N0. 5652
RESOLUTION AUTAORI~INC APPROPRIATION OF SPACIAL ASSESSMENT
PREPAYMCN`PS TO THE 1975 PERMANENT STREET IMPROVEMENT PROJECT
AND CLOSING CITY PROJECT N0. 667
WHERL'AS, Resolution No. 5224 ordered the 1975 Permanent Street improvement,
City Project No, 667, and
WHEREAS, Resolution No. 5350 authorized the issuance and sale of $4,600,000
improvement bonds of 1975, and
WHEREAS, the 1975 Permanent Street Improvement was completed in 1976
and the special assessment roll for such. project has been adopted, and
WHEREAS, actual cost of construction exceeded the borrowing by $28.4,288
and it is necessary to appropriate additional funds for construction in order
to close the project, and
WHEREAS, over one-third of special assesments adopted on this project
have been prepaid by the property owners.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield as follows:
I. The sum of ~28.4,28~i'from special_ assessment prepayments on
City Project No. 667 is hereby appropriated for construction.
2. That City Project No. 667 ,be closed.
Passed by the City Council of the City of Richfield this 13th day of
December, 1976.
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ATTEST:
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Thomas J. Ma`an City Clerk
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L ren L. Law ~ `''Mayor