HomeMy WebLinkAboutResolution No. 534-08 RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City does
hereby approve the adjustment in the City's Housing TIF Districts inter fund loans to a 4%
interest rate for advances made in years 2003 through 2006.
BE IT FURTHER RESOLVED that the City reapply TIF payments based on a new
amortization of these loans at the 4% rate.
The Mayor is authorized to provide a letter to the Office of the State Auditor delineating
these adjustments.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS h DAY A (AA M L4,k_ , 2008.
PR SIDENT OF SAID COMMON COUNCIL
ATTEST: LIaL O-L1, Cry!
• aapuTy CIT C ER
APPROVED THIS /�M DAY OF `l1cyuy_Yn Lq-x , 2008.
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MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
ResM\Approve.TIF Adjustl
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