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