HomeMy WebLinkAboutResolution No. 381-05 5
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 15, 2005, through August 11, 2006.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Rochester that the City does hereby adopt an interest gate on non-WQPP special assessments
in the amount of 5.75% for the period August 15, 2005, through August 11, 2006.
PASSED AND ADOPTED BY THE COMMON nnCOUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS /50'1 DAY OF (,L.{� , 2005.
PRESIDENT OF SAID COMMON COUNCIL
• J ,ram
ATTEST:
CITY CLERK
APPROVED THIS 64,h DAY OF , 2005.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res05/Adopt.DevChgAsslntRate.05
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