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<br />. <br /> <br />. <br /> <br />RESOLUTION NO. 4184 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />A RESOLUTION CLOSING THE IMPROVEMENT BONDS OF 1981 AND THE <br />ADVANCE REFUNDING BONDS OF 1976 FUNDS AND TRANSFERRING THE ASSETS <br />OF THE FUNDS TO THE CITY HALL REMODELING FUND <br /> <br />WHEREAS, the Improvement Bonds of 1981 Fund was established <br />to account for the collection of special assessments levied in <br />connection with the issuance of Improvement Bonds of 1981 and to <br />account for the debt service on said bonds; and <br /> <br />WHEREAS, the Advance Refunding Bonds of 1976 Fund was <br />established to account for the collection of taxes and special <br />assessments levied in connection with the issuance of the Advance <br />Refunding Bonds of 1976 and to account for the debt service on <br />said bonds; and <br /> <br />WHEREAS, the final payments of principal and interest on <br />the Improvement Bonds of 1981 and the Advance Refunding Bonds of <br />1976 were made during 1991; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the City of <br />Mounds View that it's obligations to holders of the Improvement <br />Bonds of 1981 and the Advance Refunding Bonds of 1976 have been <br />satisfied as a result of making all payments of principal and <br />interest pursuant to the bond indentures; <br /> <br />BE IT FURTHER RESOLVED, by the Council of the City of Mounds <br />View that the Finance Director - Treasurer is hereby directed to <br />close the Improvement Bonds of 1981 Fund and the Advance <br />Refunding Bonds of 1976 Fund and to transfer all assets of said <br />Funds to the City Hall Improvements Fund. <br /> <br />Adopted this 10th day of February 1992. <br /> <br />ATTEST: <br /> <br /> <br />. (SEAL) <br />