HomeMy WebLinkAboutResolution No. 166-23 - Resolution - Water Quality Program Assessment
RESOLUTION
Approving the Assessment Interest Rate for Development Charges.
WHEREAS, Resolution No. 173-22 adopted on July 18, 2022 sets the interest rate on
non-Water Quality Protection Program (WQPP) development charge assessments at
4.50%, and
WHEREAS, the Resolution requires an annual review of this rate on August 1st 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, 2023 - July 31, 2024.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2023.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2023.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)