HomeMy WebLinkAboutResolution No. 306-18 - DevelopmentCharges.AssessmentInterestRate
RESOLUTION
WHEREAS, Resolution No. 335-03 sets the interest rate on non-Water Quality Protection
Program (WQPP) development charge assessments at 5%, and
WHEREAS, the Resolution requires an annual review of this rate on August 1st of each
year, and,
WHEREAS, the Common Council of the City of Rochester has reviewed the rate and wishes
to revise it for the period August 1, 2018, through July 31, 2019.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester
that the City does hereby adopt an interest rate on non-WQPP special assessments in the amount
of 5% for the period of August 1, 2018 through July 31, 2019.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF , 2018.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS DAY OF , 2018.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res15/Adopt/DevChgAssIntRate.18