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HomeMy WebLinkAbout1979-230 CCRMember Bill Fignar introduced the following resolution and moved its adoption: RESOLUTION NO. 79 -230 RESOLUTION TO CANCEL LEVY PREVIOUSLY CERTIFIED TO THE COUNTY AUDITOR WHEREAS, at a Special Meeting of the City Council of the City of Brooklyn Center held on March 4, 1968, a resolution was duly adopted pro- viding in part that the sum of $5,300 be levied in the year 1979 for payment of principal and interest on bonds issued to finance various improvement projects; and WHEREAS, said resolution was thereafter duly certified to the Auditor of and for Hennepin County, Minnesota; and WHEREAS, there is presently on hand in the 1968 Improvement Fund sufficient money to pay any and all principal and interest on said bonds issued to finance construction of said improvements, and at least five percent in excess thereof, without the levy of said $5,300 in the year 1979. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota as follows: 1. It is hereby determined that the levy of a direct ad valorem tax on all taxable property in the City previously made and certified in the amount of $5,300 for the year 1979 in connection with the financing of various improvement projects is unnecessary and may be cancelled, there being sufficient money on hand in the 1968 Improvement Fund at the present time to pay any and all principal and interest, and at least five percent in excess thereof, on said bonds issued to finance said improvements, without collection of said direct ad valorem tax. 2. The Auditor of Hennepin County, Minnesota is hereby requested to cancel the said levy of $5,300 for the year 1979 previously certified pursuant to the provision of Section 475.61, Minnesota Statutes, 1957. 3. The City Clerk is hereby authorized and directed to transmit a certified copy of this resolution to said Hennepin County Auditor forthwith. October 15, 1979 Date 0 ATTEST: Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Tony Kuefler and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, Gene Lhotka, and Celia Scott; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.