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Home My WebLink About1968-238 CCR1 1 Member john Leary introduced the following resolution and moved its adoption: RESOLUTION NO. 68 -238 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 providing in part that the sum of $200.00 be levied in the year 1968 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 $200.00 in the year 1968. II 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 $200.00 for the year 1968 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 $200.00 for the year 1968 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. ATTEST: October 7, 1968 Date RESOLUTION NO.68 Continued The motion for the adoption of the foregoing resolution was duly seconded by member Theodore Willard 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.