HomeMy WebLinkAboutCC RES 65-079 CANCELLATION OF ALL OUTSTANDING AD VALOREM TAXES AGAINST CERTAIN BOND ISSUES Meeting Sheet
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BOX: 34
Folder: CC RES 1965
Document: CC RES 65-079 CANCELLATION OF ALL OUTSTANDING AD
VALOREM TAXES AGAINST CERTAIN BOND ISSUES
RESOLUTION NO. 65.-079
A RESOLUTION DIRECTING THE COUNTY AUDITORS OF HENNEPIN AND RAMSEY
COUNTIES TO CANCEL ALL OUTSTANDING AD VALOREM TAXES AGAINST CERTAIN
BOND ISSUES
WHEREAS, on October 9, 1965, the Vi-1 lage Council of the Village
of St. Anthony did by Resolution No. 65-077 set the levy to be collected
from all taxable property within the Village, and
WHEREAS, on said date, Resolution No. 65-078 was also adopted which
directed the County Auditors of Hennepin and Ramsey Counties to cancel
Ad Valorem taxes on an $815,000.00 re-financing bond issue, as sufficient
monies have been irrevocably placed in the Sinking Fund for the payment
of interest and principle due in 1966s and
WHEREAS, it is the desire of the Village Council to include the
$300,000.00 Water Works bond issue dated 1-1-620 the $306,000.00
Improvement Bonds Series I dated 10/l/61, and the $250x000.00 Improvement
Bonds Series II dated 10/1/61 in the cancellation of Ad Valorem taxes
for the current year, as sufficient monies have been irrevocably placed
in the Sinking Funds of the aforementioned funds for the payment of
interest and principle payments due in 1966,
• NOW THEREFORE BE IT RESOLVED that the County Auditors of Hennepin
and Ramsey Counties be directed to cancel Ad Valorem taxes levied
against the $300,000.00 Water Works Bond Issue dated 1/1/62, the
$3062000.00 Improvement Bonds Series I dated 10/1/61, and the
$250,000.00 Improvement Bonds Series II dated 10/1/61.
Adopted this 26tr_ day of October 1965.
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