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<br />~': <br /> <br />RESOLUTION NO. 89-125 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION ORDERING PAYMENT OF WATER SERVICE INSULATION <br />COST ON PROJECT 88-18 FROM THE WATER UTILITY FUND. <br /> <br />WHEREAS as several water services were insulated to prevent <br />freezing under Improvement Project 88-18, prior to the rehabilitation of <br />the streets, and <br /> <br />WHEREAS the final total cost of the water service insulation should <br />be paid from the water utility fund, and <br /> <br />WHEREAS it is desirable to utilize the improvement project bonding <br />and payoff the water service insulation 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 water service insulation costs on Project 88-18 <br />be paid from the water utility fund according to the following schedule: <br /> <br />Payment Due Principal Interest Total Payment <br />01/01/90 $504.04 $535.54 $1,039.58 <br />01/01/91 504.04 385.59 889.63 <br />01/01/92 504.04 342.75 846.79 <br />01/01/93 504.04 299.91 803.95 <br />01/01/94 504.04 257.07 761.11 <br />01/01/95 504.04 214.33 718.27 <br />01/01/96 504.04 171. 39 675.43 <br />01/01/97 504.04 128.55 632.59 <br />01/01/98 504.03 85. 71 589.75 <br />01/01/99 504.03 42.87 546.91 <br />Adopted this 3rd day of October, 1989. <br /> <br />ATTEST: <br />( <br />~, <br /> <br />Finance Director/City Clerk <br /> <br />R~ <br /> <br /> <br />(' . r ~ elf <br />'\ "yLcl!V -r\. (1l ',-tf'td'iU.{} <br />David M. Childs, City Manager <br /> <br />(SEAL) <br />