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CITY OF LAKEVII,LE
DAKOTA COUNTY, MINNESOTA
RESOLUTION
Date February 2, 1998 Resolution 98-13
Motion By Mulvihill SecondedBy xolberg
RESOLUTION ADOPTING DEFERRED ASSESSMENT
PARCEL 22-57750.02400
IlVIPROVEMENT PROJECT 941
WHEREAS, Wendt Investment Company, LLP, 8980 - 205th Street West, Lakeville,
Minnesota, filed a written objection to its storm sewer assessment in the amount of $26,201.67, for
Improvement Project 94-1, Downtown Utility and Street Improvements; and
WHEREAS, the City Council adopted the assessment roll as presented on August 18, 1997 as
Assessment No. 850.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Miruiesota:
1. Such Levied special assessment (#850) for Wendt Investment Company, LLP, (22-57750-
024-00) for property legally described on the attached Exhibit "A" in the amount of $26, 201.67 will
be deferred, with interest at a rate of 6.9079 percent per year, until a building permit is issued. At such
time, the deferment shall end. If, however, such deferment has not ended prior to August 18, 2027,
the entire assessment will be considered abated in accordance with Minnesota Statutes Chapter 429.
2. When the assessment becomes payable it shall be payable in equal annual installments
extending over a period of twenty (20) years or such less number of years such that the last installment
will be payable not more than thirty (30) years after the levy. Interest accumulated during the .period
of deferment shall be added to the principal amount of the assessment when it becomes payable.
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3. A copy of this assessment roll will be forwarded to the Dakota County Treasurer-Auditor.
. A certified copy of this resolution will also be filed with the Dakota County Property Records
Department.
ADOPTED by the City Council of .the City of Lakeville, Minnesota, this 2nd day of February,
1998.
CITY OF LAKEVII.LE
BY: ,
uane R. Zaun, y r
TIES
Charlene Fried es, City erk
• CERTIFICATION
STATE OF MINNESOTA
CITY OF LAKEVII,LE
I hereby certify that the foregoing Resolution No. 9 $-13 is a true and correct copy of the
resolution presented to and adopted by the City Council of the City of Lakeville at a duly authorized
meeting thereof held on the 2nd day of February, 1998, as shown by the minutes of said meeting in my
possession.
Charlene Friedges, City Cl
(SEAL)
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