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<br /> <br />tervi[[e <br /> <br />'Esta6t1sficd'1857 <br /> <br />lSSQ!Main SttUt, CtmWT?iile, ~!JIf 5.5038 <br />651-429-3232 Dr<F4:t651-429~8629 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION #09-0 M <br /> <br />A RESOLUTION AUTHORIZING RESTRUCTURING OF INTEREST RATE & <br />PAYMENT SCHEDULE ASSOCIATED WITH THE PURCHASE OF 1601 <br />I,AMOTTR DRIVR <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 RR IT RRSOT,VRD BY THR CITY C.OTJNCIL OF <br />CENTERVILLE, MINNESOTA: <br /> <br />I) 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 rday of September 9, 2009. <br /> <br />~c~~f;;r~ <br /> <br />~~~~~~-:J ~~ ~ <br />Teresa Bender, City Clerk <br />