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RESOLUTION NO. 6653 <br />• <br />• <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />Resolution 6653 Setting an Interest Rate and Administrative Fee for Special <br />Assessments Certified During 2005 <br />WHEREAS, the City will undertake the certification of several special assessment <br />levies during the balance of the year 2005; and, <br />WHEREAS, it will more efficient and fair if the interest rate and administrative fees <br />are set once and then applied to all levies; and <br />WHEREAS, these should be set so as to cover all costs to the city of providing <br />special assessments as a financing tool to its residents without being excessive. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Mounds <br />View sets the interest rate of 5.0% and the administrative fee of $25.00 per parcel for <br />special assessments certified during 2005. <br />Adopted this 24'h Day of October 2005 <br />(ATTEST) <br />;' <br />Ro Marty M yor <br />~~ <br />Kurt Ulrich <br />City Administrator <br />(SEAL) <br />• <br />