HomeMy WebLinkAbout2006-150 CCRMember Kay Tasman
and moved its adoption:
RESOLUTION NO. 2006-150
RESOLUTION ESTABLISHING THE INTEREST RATE FOR 2007 SPECIAL
ASSESSMENTS
WHEREAS, the City Council levies special assessments for neighborhood street
projects, delinquent utility bills and other services provided to property owners that go unpaid; and
WHEREAS, amounts outstanding are certified to Hennepin County for collection
1
with property taxes; and
WHEREAS, by City Policy, interest is to be charged on outstanding amounts certified
to Hennepin County for collection with property taxes; and
WHEREAS, the interest rate to be charged is two percent over the net interest rate for
the most recent City General Obligation bond sale rounded to the next one-half percent; and
WHEREAS, the most recent General Obligation bond sale, Series 2006A, resulted in a
net interest rate of 3.78 percent; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
introduced the following resolution
Brooklyn Center, Minnesota, that the interest rate charged on outstanding special assessments for the
year 2007 is hereby established at 6.0 percent.
December 11. 2006
Date
Mayo
ATTEST: City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kathleen Carmody
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay Tasman, and Diane Niesen;
and the following voted against the same: Mary O'Connor;
whereupon said resolution was declared duly passed and adopted.