HomeMy WebLinkAbout2001-017 CCRMember Kay Lasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2001-17
RESOLUTION SETTING SPECIAL ASSESSMENT AND INTERNAL LOAN
INTEREST RATES FOR THE YEAR 2001
1
WHEREAS, the City Council adopted by motion a policy on special assessment
and internal loan interest rates on May 13, 1996; and
WHEREAS, the policy on interest rates calls for the rate to set at the rate from the
last bond sale plus 2 percent, with the result rounded off to the nearest half percent; and
WHEREAS, the City of Brooklyn Center last sold bonds on November 20, 2000,
at a net interest cost of 4.9121 percent.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that the annual rate of interest to be charged on special assessments
and on loans by the Investment Trust Fund to all other City funds be set at 7.0 percent, effective
for the year 2001.
January 22, 2001
Date
V&Ww-, t
Mayor
ATTEST: 4\04'm
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Ed Nelson
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kay Lasman, Ed Nelson, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.