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Of principal and interest tlicreon, Coycthcr with the beginning <br />o pay Dash balance in the Account, st when duelonbtheufficient Refunded Bonds. the <br />principalthe City Council <br />NOW, THEREFORE, BE IT RESOLVED by <br />of the City of Mounds View, Minnesota, as follows: <br />there <br />1. Upon establishmeEundfforethecRefundedrow uBonds adequate <br />is now on hand in the sinking <br />assets to pay all principal and interest on the Refunded <br />Bonds to their maturity, and the taxes heretofore levied <br />for payment of such principal and interest are no longer <br />required. provide a <br />2. The Finance Director eCounty Auditor and to <br />hereby directed to <br />copy of this resolution to the Ramsey <br />ursuant to Section Wi�h61, <br />request that the County Auditoraxplevies, commencing <br />subd. 3, cancel all remaining <br />the year 1984, for the Refunded Bonds. <br />3• Nothing herein shall impair the security <br />ided to the holders of the Refunded Bonds, <br />originally prov <br />recognizes and affirms its ein1thelCity to the <br />vy <br />and the City ro erty <br />ad valorem taxes on all taxable <br />in the Escrow Account, <br />extent necessary to meet anyfunds. <br />if such deficiency cannot be met from other available <br />Adopted this _ day of February, 1984. <br />—�— Mayor <br />Attest: <br />City Administrator-Cler <br />0 <br />