HomeMy WebLinkAboutResolution No. 173-22
RESOLUTION
Approving the Assessment Interest Rate for Development Charges.
WHEREAS, Resolution No. 145-21 adopted on July 19, 2021, sets the interest rate on
non-Water Quality Protection Program (WQPP) development charge assessments at
3.50%, and
WHEREAS, the Resolution requires an annual review of this rate on August 1 of each
year, and
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 4.50% for the period of August 1, 2022 - July 31, 2023.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS ___18_____ DAY OF _______July____, 2022.
ATTEST:
CITY CLERK
APPROVED THIS _19____ DAY OF ______ July _________, 2022.
____________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)