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<br /> <br />en!tervi{{e <br />w 'Esta1J(ished 1857 <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION #09-0_ <br /> <br />A RESOLUTION AUTHORIZING RESTRUCTURING OF INTEREST RATE & <br />PAYMENT SCHEDULE ASSOCIATED WITH THE PURCHASE OF 1601 <br />LAMOTTE DRIVE <br /> <br />1880~inStreet, cenUrvilk, 9rl!N55038 <br />6.51-429-32.32 orq:~651-429-8629 <br /> <br />WHEREAS, the City Council adopted Res. #07-051 on December 12,2007 authorizing <br />a temporary loan from the sanitary sewer fund to the park fund in the amount of <br />$283,311.88, and <br /> <br />WHEREAS, conditions exist that require the loan term to be modified, and <br /> <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF <br />CENTERVILLE, MINNESOTA: <br /> <br />1) Such loan shall be payable in accordance with the attached schedule with an interest <br />rate of 1.5%. <br /> <br />Adopted by the Council this.. ~ day of September 9, 2009. <br /> <br />Mary Capra, Mayor <br /> <br />Attest: _ <br />Teresa Bender, City Clerk <br /> <br />14 <br />