HomeMy WebLinkAboutRESOLUTION 1981-36
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CITY OF RENAI
RESOLUTION N0. 81-36
A RESOLUTION OF THE COUNCIL OF THE CIT'i OF RENAI, ALASKA, SETTING
THE RATE OF INTEREST TO BE INCLUDED IN NOTES TAKEN ON SALE OF
CITY LANDS.
WHEREAS, RMC 22.05.045(b)(2) provides that where notes are taken
by the City to finance the purchase of City lands, said notes
shall bear interest at a rate to be determined by Council by
Resolution, and
WHEREAS, the Council has directed the Administration to proceed
"post haste" to accomplish sales of City lands, but has not yet
set such interest rate.
IQOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
RENAI, ALASKA, that until change of interest rate:: by further
resolution, the interest rates to be applied in notes taken on
the sale of City lands pursuant to RMC 22.05.045 shall be 10 g,
PAS^ED BY THE COUNCIL OF THE CITY OF RENA~~ASRA, this 1st day
of April, 1981.
VINCENT O'REILLY OR
ATTESTS
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anet Whelan, City Clerk