Res 1963-177 I62
7 .-T2,SO“TTTON NO. 17771963
A RESOLUTION DIRECTING THE SALE AND PURCHASE. O TEMPORARY IMPROVEMENT BOND
IN ACCORDANCE WITH LAWS OF 1957, CHAPTER 385
BE IT RESOLVED By the City Council of the City of Fridley, Anoka County,
Minnesota, as follows:
THAT WHEREAS it has heretofore been determined by this Council to issue
temporary improvement bonds in order to provide the necessary funds for
the cr)nstruction and payment of expenses relative to the following improve-
Tent projects to-wit: Water and Sanitary Sewer Improvement Project No. 65;
as per plans and st)ecifications approved by the City Council; and
WHEREAS it has been determined that there is at the present time an
amount in excess of $9,000.00 in the following fund, to-wit: Regular
special Assessment Fund - Sinking Fund which sum will not he required
for other purposes prior to November 1, 1965.
IT IS THEREFORE determined to be in the interest of the City of Fridley
that the sum of $9,000.00 of Regular Special Assessment Fund (Sinking
Account) 7E INVESTED as authorized by law and in accordance therewith it
is hereby deteririned to purchase the sum of $9,000.00 of the aforementioned
Tater and Sanitary Sewer Improvement Project #65 Bonds :(Series "A")
temporary issued under date of November 1, 1963. UPON their initial issuance
in accordance with the provisions of Minnesota Statutes, Sec. 429.091, 471.56
- and 475.66, out of the funds in Regular Special Assessment Fund (Sinking
Account) and on behalf of said fund at par and accrued interest as of the
date of delivery of said bonds and completion of such sale; it being further
determined to be reasonable and advantageous to Sinking Account of the
, Regular Special Assessment Fund to invest in said temporary improvement
bonds and to be reasonable and advantageous to the City to sell said temp- •
orary improvement bond to the Sinking Account of the Special Assessment
in accordance with the provisions of this resolution.
SEC. 1. The City Manager and Treasurer are hereby authorized and directed
to take any and all steps necessary to effect the provisions of the afore-
going resolutions and to make such transfer of funds as may be necessary
from time to time to give effect to the provisions hereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF FRIDLEY THIS 4TH DAY OF NOVEMBER,
1963.
MAYOR - Will J. Nee
ATTEST: CITY MANAGER - Ear1f. Wagner
CITY
CLarC.2 &
RESOLUTION NO. 178-190
A RESOLUTION AUTHORIZING AND DIRECTING THE SPLITTING OF SPECIAL ASSESSMENTS
ON THE SOUTH 551' OF NW OF THE NEi (Ex. N. 163.64') (Ex. _PT PLATTED AS
GIDEO'S FIRST ADD.), PARCEL, 900, SECTION 12
WHEREAS, certain special assessments have been levied with respect to
certain land and said land has subsequently been subdivided,
NOW, THEREFORE BE IT RESOLVED, as follows:
That the assessment levied against the following described parcel, to-wit:
S. 551' of NW-:t of NE i: (Ex. N. 163.64') (Ex. pt. platted as Gideo's First Add.),
Parcel 900, Section 12, may and shall be apportioned and divided as follows:
Fund Original Amount
S. 551 ' of NW of NF4- (Ex. Reg. S.A. Fund 727.27
N. 163.64') (Ex. pt platted W-34 Water in 2,377.91
as Gideo's First Add., Parcel S&SS-24 Sewer Main 1,720.35
900, Section 12 S&SS-24 Storm Sewer (B) 7,301,93
SW-48A Sewer Lateral 12,732.99