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Councilmember Peterson introduced the following resolution and moved for its adoption: <br /> RESOLUTION //:92-10-253 <br /> <br />RESOLUTION AMENDING THE CITY'S MUNICIPAL RATES, CHARGES AND FEES TO <br />ESTABLISH FEES FOR STREET LIGHTS, STREET OR TRAFFIC SIGNS AND CITY <br />FINANCING INTEREST RATE CHARGE <br /> <br /> WHEREAS, at the Budget Committee meeting of October 6. I992, staff recommended the establishing <br />the following rates: <br /> <br />$1reet lights <br />Developer contribution - installation of Cobra street light <br />Developer contribution - Traditionaire subdivision street light <br />Developer contribution - street light O & M 3 years @ $90/year <br /> <br />Residential urban billing: <br />Subdivision street light rate per lot @$2.75/month <br /> <br />$600.00/light <br />$400.00/light <br />$270.00/light <br /> <br />$8.25/quarter <br /> <br />Street and traffic signs <br />Developer contribution - street and/or traffic signs <br /> <br />$120.00/sign <br /> <br />City financing; <br />Interest rate charge <br /> <br />Prime + 2 points <br /> <br /> WHEREAS, the Budget Committee concurred with staff's recommendations and recommends Council <br />amend the City's Schedule of Rates, Fees and Charges be amended accordingly. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the Ramsey City Council hereby amends the City's Schedule of Rates, Fees and Charges to establish <br />fees for street lights, street or traffic signs and a City financing rate as detailed within this resolution. <br /> <br />2) That the Ramsey City Council hereby establishes these fees for all billings on or after October 1, 1992. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Zimmerman and <br />upon vote being taken thereon, the following voted in favor thereof.' <br /> <br />Mayor Gilbertson <br />Councilmember Peterson <br />Councilmember Zimmerman <br />Councilmember Beycr <br />Councilmember Hardin <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />None <br /> <br />]} --~ ATTEST~//~ <br /> <br /> "-Eity AdministratOr <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the 13th day <br />of October, 1992. ~~~.~~~ <br /> <br /> <br />