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Home My WebLink About1968-237 CCR1 Member Earl Rydberg introduced the following resolution and moved its adoption: RESOLUTION NO.68 -237 RESOLUTION TO CANCEL LEVY PREVIOUSLY CERTIFIED TO THE COUNTY AUDITOR WHEREAS, at a regular session of the Village (then) Council of the Village (then) of Brooklyn Center held on March 8, 1960, a resolution was duly adopted providing in part that the sum of $21,300.00 be levied in the year 1968 for payment of principal and interest on bonds issued to finance Water Improvement No. 1960 -1, 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 Improvement Fund 1959 A and B sufficient money to pay any and all principal and interest on said bonds issued to finance construction of Water Improvement No. 1960 -1, and at least five percent in excess thereof, without the levy of said $21,300.00 in the year 1968: 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 $21,300.00 for the year 1968 in connection with the financing of Water Improvement No. 1960 -1 is unnecessary and may be cancelled, there being sufficient money on hand in Improvement Fund 1959 A and B at 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 Water Improvement No. 1960 -1, without collection of said ad valorem tax. 2. The Auditor of Hennepin County, Minnesota is hereby requested to cancel the said levy of $21,300.00 for the year 1968 previously certified pursuant to the provisions 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 7, 1968 Date ayor 1 1 RESOLUTION NO.68 -237 Continued The motion for the adoption of the foregoing resolution was duly seconded by member Howard Heck and upon vote being taken thereon, the following voted in favor thereof; Philip Cohen, John Leary, Earl Rydberg, Howard Heck and Theodore Willard; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.