RES 1973-39 - 0000807066
RESOLUTION NO. 39 -1973
A RESOLUTION OPPOSING H. F. 1192 - INTEREST ON UTILITY DEPOSITS
WHEREAS, Administration costs to the City of Fridley would be
considerable if H.F. 1192 were enacted, and
WHEREAS, All costs of the Utility System must be passed on to
the consumer, and
WHEREAS, The person receiving interest on meter deposits would
in effect pay the interest plus the administrative costs involved
in making the payment.
NOW, THEREFORE, BE IT RESOLVED, That the City of Fridley is opposed
to the requirement that interest be paid on utility deposits as required
by H.F. 1192.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
2ND DAY OF APRIL 1973.
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ATTEST:
CITY CLERK - D7ARVIN C. BRUNSELL�
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