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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. n f t �1 J! I. ATTEST: CITY CLERK - D7ARVIN C. BRUNSELL� 1