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An independent project organizing public records from the City of Nowthen, Minnesota. Not an official city site. Documents and votes are sourced from cityofnowthen.gov; interpretations are AI-extracted and may need correction.

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Interest rate charged on unpaid bills for administrative, legal, and professional costs incurred by the City.

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Date range

2025-04-08 — 2025-04-08

Every document that mentions this number (1)

Meeting City Council Meeting — Agenda Packet (2025-04-08)Apr 8, 2025p.4raw: 6% per year
PDF →Auto-extracted
Interest rate charged on unpaid bills for administrative, legal, and professional costs incurred by the City.
Applicants, their successors, and assigns, shall reimburse the City for all administrative, legal, and professional costs incurred the enforcement of this Variance and Deed Restriction. Applicants agree to pay all such costs within 30 days of billing by the City. Bills not paid within 30 days of billing by the City shall accrue interest at the rate of 6% per year.
Reasoning: This is a specified interest rate for overdue payments to the City.