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RESOLUTION NO.IIO-91
A RESOLUTION AMENDING RESOLUTION NO. 105-91, APPROVING
SPECIAL ASSESSMENTS FOR SOUTHEAST AREA WATER TREATMENT FACILITY
WHEREAS, the city has issued municipal bonds for the Southeast
Area Water Treatment facility, and
WHEREAS, said bonds sold at an average interest rate one-half
of one percent lower than had been anticipated.
NOW, THEREFORE, be it Resolved that the special assessment
interest rate set at 8 percent in Resolution No. 105-91 shall
hereby be reduced to 7.5 percent per annum from the date of the
adoption of Resolution No. 105-91, October 14, 1991.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 14th
day of October, 1991.
ATTEST: