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<br />- <br /> <br />... <br /> <br />"" <br /> <br />RESOLUTION NO. 89-129 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION ORDERING PAYMENT OF WATERMAIN COST ON PROJECT <br />88-26 FROM THE WATER UTILITY FUND. <br /> <br />WHEREAS the installation of the watermain loop under Project 88-26 <br />provides general water system benefit as well as a special benefit to the <br />adjacent properties, and <br /> <br />WHEREAS the portion of the project cost relating to the general water <br />system benefit should be paid from the water utility fund, and <br /> <br />WHEREAS it is desirable to utilize the improvement project bonding <br />and payoff the watermain loop cost over the period of the improvement <br />bonds, <br /> <br />NOW THEREFORE BE IS RESOLVED by the City Council of the City <br />of New Brighton that the watermain loop costs on Project 88-26 be paid <br />from the water utility fund according to the following schedule: <br /> <br />Payment Principal Interest Total Payment <br />01/01/90 $1,562.06 $1,659.68 $3,221. 74 <br />01/01/91 1,562.06 1,194.97 2,757.03 <br />01/01/92 1,562.06 1,062.20 2,624.26 <br />01/01/93 1,562.06 929.42 2,491.48 <br />01/01/94 1,562.06 796.65 2,358.71 <br />01/01/95 1,562.05 663.87 2,225.92 <br />01/01/96 1,562.05 531.10 2,093.15 <br />01/01/97 1,562.05 398.32 1,960.37 <br />01/01/98 1,562.05 265.55 1,827.60 <br />01/01/99 1,562.05 132.77 1,694.82 <br /> <br />Adopted this 3rd day of October, 1989. <br /> <br />R~ <br /> <br />ATTEST: <br /> <br />'\. ' <br /> <br />~ rn ,al,J~iL <br />Da id M. Childs, City Manager <br /> <br />. I ~ <br /> <br />~'~~~-'-- <br /> <br />Margaret: Egan, <br />Finance Director/City Clerk <br /> <br />( SEAL) <br />