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MINUTES OF THE REGULI�R ORONO COUNCIL MEETING HELD JUNE 10, 1985 PAGE 12 <br /> Acting Mayor Frahm noted that the City should condemn the <br /> other two units if they are not planned to be served with <br /> sewer, otherwise assign four units to the four dwelling units <br /> on 1950 Shoreline Drive. Frahm noted that there will <br /> probably be four dwelling units there for a long time and it is <br /> adjacent to a commercial property. <br /> Questionswere raisedfrom the audience regarding past sewer <br /> ' . projectsand the way they were assessed. City Administrator <br /> Bernhardson answered such questions, and discussion <br /> continued among Councilmembers . <br /> Councilmember L. Adams moved, Acting Mayor Frahm seconded, <br /> to approve the assignment of five units to the City <br /> properties. Motion, Ayes ( 4 ) , Nays ( 0 ) . <br /> Councilmember T. Adams moved, Acting Mayor Frahm seconded, <br /> to assign two sewer units to Sailors World (1 for retail <br /> operation and 1 for pump out building) . Motion, Ayes ( 4 ) , <br /> Nays (0 ) . <br /> � Acting Mayor Frahm moved, Councilmember T. Adams seconded, <br /> to adopt Resoluton #1778 , A Resolution assigning one sewer <br /> unit to Tonka Transmission, subject to staff revisions as <br /> discussed. Motion, Ayes (4 ) , Nays (0 ) . <br /> Councilmember L. Adams moved, Councilmember Grabek <br /> seconded, to direct staff to draft a resolution assigning <br /> foursewer unitsto1950 Shoreline Drive. Motion, Ayes (4 ) , <br /> Nays (0 ) . <br /> PAYMENT SCHEDULE ON ASSESSMENTS <br /> PROJECT 85-1 & 85-2 <br /> City Administrator Bernhardson reviewed the payment <br /> schedule for the Czystal Bay sewer project. Bernhardson <br /> recommended that the equal principal with decreasing interest <br /> paymentsbe adopted for easier accounting purposes. <br /> Councilmember Grabek moved, Councilmember T. Adams <br /> seconded, to adopt the equal principal and decreasing interest <br /> payn.ents schedule on the Crystal Bay Sewer Project. <br /> Motion, Ayes (4 ) , Nays (0 ) . <br /> SET INTEREST RATE FOR <br /> SEWER PROJECT City Administrator Bernhardson noted that the bond rates <br /> awarded were 7 .9156$ and that staff recommends approximately <br /> 1.25$ to be added for administrative charges . Bernhardson <br /> recommended that the interest rate be set at 9 . 2$. <br /> Acting Mayor Frahm moved, Councilmember L. Adams seconded, <br /> to adopt the interest rate Of 9 . 2$ for the Crystal Bay sewer <br /> project. Motion, Ayes (4 ) , Nays (0 ) . <br /> , , <br /> � � � � , <br />