82-46
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
DATE:
August 2, 1982
82-46
RESOLUTION NO:
MOTION BY COUNCILMAN: Neveaux
SECONDED BY COUNCILMAN: Horn
A RESOLUTION ADJUSTING INTEREST RATES ON ASSESSMENTS FOR KERBER
BLVD., CHANHASSEN LAKES BUSINESS PARK, NORTH AND SOUTH FRONTAGE
ROADS EAST HIGHWAY 5 IMPROVEMENTS
WHEREAS, the approving resolution for the following special
assessment improvement projects authorized the City Council to
adjust the interest rate following the permanent sale of bonds to
finance said projects; and
WHEREAS, the city council did in June of 1982 sell
bonds to permanently finance said construction projects; and
WHEREAS, the net interest rate of said bonds was approxi-
mately 11.5%; and
NOW, THEREFORE, BE IT RESOLVED By the City Council of the
City of Chanhassen that the interest rate for the aforesaid pro-
jects is hereby increased to 13%.
ATTEST:
Mayor
/
Don
LL
Ash.worth,
~s;b
Ci-y Clerk!Manager
YES
NO
ABSENT
Hamilton
Neveaux
Geving
Horn
Swenson
None