HomeMy WebLinkAboutCity Council Resolution 1980-61577777CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Winnesota was a on t e
2nd day of September , 1980 . The following members were
present: Mayor Hunt Coun '
,present:
following members were a sent: Councilmember Hoyt
e** t** tf
Councilmember Davenport introduced the following Resolution and moved its
adoption.
RESOLUTION NO.80-615
AMENDING RESOLUTION NOS. 80-480, 80-481 AND 80-507
WHEREAS, the City Council has previously held public hearings and subsequently
adopted Resolution Nos. 80-480, 80-481 and 80-507 adopting assessments for City
Project No. 009, Harbor Lane Sanitary Sewer Extension, Project No. 917, Baldwin
Chevrolet Storm Sewer, and Project No. 933, 18th Avenue Watermain, County Road
18, East Medicine Lake; and
WHEREAS, Paragraph 2 of each of the above resolutions states: "...and shall bear
interest at the rate of 8% per annum from the date of adoption of this assessment
resolution."; and
•WHEREAS, Minnesota Statutes provide that up to 1% may be charged for administra-
tion of special assessment and bonding matters above the actual bond sale interest
rate; and
WHEREAS, the 1980 General Obligation Improvement Bond Sale through which Project
Nos. 009, 917 and 933 are funded have been sold at a rate of 7.3819%;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that it should and hereby does amend Resolution Nos. 80-480, 80-481 and
80-507 by amending Paragraph 2 to read: "...and shall bear interest at the rate
of 8.38% per annum from the date of the adoption of this assessment resolution.".
The motion for the adoption of the foregoing Resolution'was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the following
voted in favor thereof:Mayoor Hunt, Councilmembers Davenport, Neils and Schneider
The following voted against' or abstained: none
. Whereupon the Resolution was declared duly passed and sdopted.