HomeMy WebLinkAboutResolution No. 393-04 • RESOLUTION
WHEREAS, Resolution No. 335-03 set 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 16, 2004, through August 1, 2005.
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 6% for the period August 16, 2004, through August 1, 2005.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 1j02 DAY OF r , 2004.
PRESIDENT OF SrAID COMMON COUNCIL
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ATTEST: ,l�u��
`CITY CLERK
APPROVED THIS //-7H DAY OF T _' 2004.
MAYOR OF SAID CITY
(Sea[ of the City of
Rochester, Minnesota)
P.es2000/Adopt.DevchyAss Int?ate.04
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