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<br />"- <br /> <br />RESOLUTION NO. 89-126 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION ORDERING PAYMENT OF SANITARY SEWER REPAIR COST <br />ON PROJECT 88-18 FROM THE SEWER UTILITY FUND. <br /> <br />WHEREAS as sanitary sewer mains were repaired under Improvement <br />Project 88-18, prior to the rehabilitation of the streets, and <br /> <br />WHEREAS the final total cost of the sanitary sewer main repairs <br />should be paid from the sewer utility fund, and <br /> <br />WHEREAS it is desirable to utilize the improvement project bonding <br />and payoff the sanitary sewer repair cost over the period of the <br />improvement bonds, <br /> <br />NOW THEREFORE BE IS RESOLVED by the City Council of the City <br />of New Brighton that the sanitary sewer repair costs on Project 88-18 be <br />paid from the sewer utility fund according to the following schedule: <br /> <br />Payment Due Principal Interest Total Payment <br />01/01/90 $4,872.36 $5,176.88 $10,049.24 <br />01/01/91 4,872.36 3,727.36 8,599.72 <br />01/01/92 4,872.36 3,313.20 8,185.56 <br />01/01/93 4,872.36 2,899.05 7,771. 41 <br />01/01/94 4,872.36 2,484.90 7,357.26 <br />01/01/95 4,872.36 2,070.75 6,943.11 <br />01/01/96 4,872.36 1,656.60 6,528.96 <br />01/01/97 4,872.36 1,242.45 6,114.81 <br />01/01/98 4,872.36 828.30 5,700.66 <br />01/01/99 4,872.36 414.15 5,286.51 <br />Adopted this 3rd day of October, 1989. <br /> <br />~ <br /> <br />ATTEST: <br /> <br />\ <br />~ <br /> <br />Finance Director/City Clerk <br /> <br />, fl'\.-,. /'j' ", <br />\)O,^-.A.<-,A, ,'1 \ "'~ :\,1.\<1/.:)) <br />David M. Childs, City Manager <br /> <br />(SEAL) <br />