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<br /> STATE OF Mnn1ESOTA <br /> vr,EEl'Il Bf ~HILLS <br /> RESOLUTIOI, RE: TAX LEVY <br /> .' crrlliREAS, by Resolution dated November 24, 1958, the Village Council of Arden Ilills has <br /> authorized the issuance of improVement bonds in the amount of $7,000.00, and by th~ same <br /> . Resolu tion tree Counc.il has m,rarded the improvement bonds to .Juran & Hoody, Inc. , and <br /> \I'IlliREAS Section 475.61 of the Minnesota Statutes requires the Council of any municipality <br /> issuing such obligations to levy by Resolution prior to delivery of the obligation a general <br /> tax for the paymertt of the nrotion of the cost not lX'lyable from general assessnents, or to <br /> make an irrevocable apDropriation to the imnrovement fund of moneys actually on hand for <br /> that pu~pose, and <br /> 'lliliREAS t},e amount to be paid by the Village as its share of the cost of said improvement <br /> is $2,815.76 and <br /> 'dJ!EREAS t~'esum of $400.00, togetber ,,,ith esti"ated collections of special assessments and <br /> other revenues uledged forpepayment of s.a:i,d Obligation,s;1;hich have been levied fo~ the <br /> payment of t:lese ohligations, equals at least 5% in' excess of the amount needed to meet when <br /> due t"e nrincipal and irterest payments on said obligations, <br /> EO\; ';''"EREFORE, .BE IT m~SOLVEDBY THE. Vn,LAGE COUlTCrL Of f3DE1fHILLS, NTIIl;ESOTA: <br /> 1. The proper officers, o,f tris'lll1lP.?cinality s1)all forth~ith tl"al)sfer to said Grant <br /> Road Improvement Fund, from funds of the tglage actually on hand, tlle. sum of $2,815.76 as <br /> tIle share of the Village in t}le cost of saidimprov-ement, ancl in ilclcUtion thereto there <br /> snaIl be . transferred to said Grant Road Inprovement Fund from Village funds actually on <br /> hand the sum of ~400.00, all in _,compld:-a,:nc;e 'IT;L-th the provisions of said Statute. Said trunsfcr <br /> of funds stall be made ir lieu of.tl~e :tax ll:!vy" otnere,.;rt:se provic_cd for in said Statute. <br /> 2. Tbe VillaGe Clerk is herRbyauthorized o.nd di';rected to file a certified copy 0: this <br /> Resolution '..cith the Councty Auditor of. Ransey Coun,"y / "ndto obtain from tle County Auditor <br /> c~ certificate tYat tl1ese Iniprover.lent BOTIcls r,D-V8 been ertered on }~is 3or,d Register and the <br /> nrovisions of saidSect:.on 475.61 nave been met. <br /> . <br /> Adopted-by t}iC Council this 24th day of -november, 1958. <br /> ~~~'~ Robert O. Ashbach, Mayor <br /> LorraireE. Stromquist, C rk <br />