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���� <br /> � O . O <br /> �b. - . CITY of ORONO <br /> � � � <br /> ��� �G'�' RESOLUTION OF THE CITY COUNCIL <br /> �kESH�4 NO. 315 4 <br /> A RESOLUTION TO .AMEND THE INTEREST RATE APPLIED TO THE <br /> STIIBBS BAY SANITARY SEWER ASSESSMENT ROLL, <br /> . AS ESTABLISHED BY RESOLDTIONS NO. 3145 AND NO. 3121 <br /> � WHEREAS , the City Council of Orono, Minnesota � <br /> established the interest rate. on the assessments for the <br /> improvement of sanitary sewer in the Stubbs Bay area at 8� by <br /> passage of Resolution No. 3121 and Resolution No. 3145, and <br /> WHEREAS , the City Council did intend to amena said � <br /> interest rate based on the net interest rate of the bonds sold <br /> for the sanitary sewer improvement .in the Stubbs Bay area; and <br /> � . WHEREAS, the City Council has awarded the sale of said <br /> bonds bearing a net interest rate of 5. 19220• . <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COONCIL OF ' <br /> ORONO, MINNESOTA, that the Stubbs Bay area sanitary sewer <br /> assessments interest rate is hereby reduced from 8% per annum to " <br /> 6. 50 � per annum. . <br /> � � � . � Adopted by the City Council of the City of Orono at <br /> their regular meeting on the 10th day of August, 1992. <br /> � . <br /> AT EST: . Barbara A. Peterso , Mayor <br /> Dorothy . Halli� , City Clerk <br /> • . <br />