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<br />.. <br /> <br />-". <br /> <br />'---- <br /> <br />o\t' <br /> <br />RESOLUTION NO. 87-94 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION ORDERING PAYMENT OF SANITARY SEWER REPAIR COST ON PROJECT 86-1 <br />FROM THE SEWER UTILITY FUND. <br /> <br />WHEREAS as repairs were made on several City sanitary sewer mains under <br />Improvement Project 86-1, prior to the rehabilitation of the streets and <br />alleys, and <br /> <br />WHEREAS the final total cost of the sanitary sewer main repairs of <br />$97,799.14 should be paid from the sewer utility fund, and <br /> <br />WHEREAS it is desirable to utilize the improvement project bonding for <br />Project 86-1 and payoff the 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 of New <br />Brighton that the sanitary sewer repair costs on Project 86-1 be paid from <br />the sewer utility fund according to the following schedule: <br /> <br />Payment Due <br /> <br />Principal <br /> <br />Interest <br /> <br />Total Payment <br /> <br />01/01/88 <br />01/01/89 <br />01/01/90 <br />01/01/91 <br />01/01/92 <br />01/01/93 <br />01/01/94 <br />01/01/95 <br />01/01/96 <br />01/01/97 <br />01/01/98 <br />01/01/99 <br /> <br />$8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br />8,149.93 <br /> <br />$2,078.23 <br />7,620.18 <br />6,927.44 <br />6,234.70 <br />5,541. 96 <br />4,849.22 <br />4,156.48 <br />3,463.74 <br />2, 771. 00 <br />2,078.26 <br />1,385.52 <br />692.74 <br /> <br />$10,228.16 <br />15,770.11 <br />15,077.37 <br />14,384.63 <br />13,691.89 <br />12,999.15 <br />12,306.41 <br />11,613.67 <br />10,920.93 <br />10,228.19 <br />9,535.45 <br />8,842.67 <br /> <br />Adopted this 8th day of September, 1987. <br /> <br />~~LL <br /> <br />Robert J. nke, Mayor <br /> <br />~~/ <br /> <br />~inance Dtrect9r/City Clerk <br /> <br /> <br />ATTEST: <br /> <br />'( SEAL) <br /> <br />~"..' - <br />