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CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION
DATE May 16, 1994 RESOLUTION NO. 94-106
Harve
MOTION BY Sindt SECONDED BY y
RESOLUTION ADOPTING ASSESSMENTS FOR
IMPROVEMENT PROJECT 89-1
HIGHWAY RECONSTRUCTION ON CEDAR AVENUE,
160TH STREET WEST AND DODD BOULEVARD
WHEREAS, pursuant to proper notice duly given as required by law, the Council
has met, heard and passed upon all objections to the proposed assessment for the
Southwest segment of Improvement Project 89-1 to be deferred with interest.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Minnesota:
1. Such proposed assessment No. 692 in the amount of $24,604.43, a copy of
which is attached hereto and made apart hereof, is hereby accepted and shall
constitute the special assessment against the lands named therein, and each .tract of
land therein included is hereby found to be benefited by the proposed improvement in
the amount of the assessment levied against it.
2. Such assessments shall be deferred with 7.8605 % interest per year on the
unpaid balance. Interest shall accrue from the date of this assessment resolution.
The deferment shall end and the first installment shall be payable in the year
.following the year when the property is "developed" . "Developed" means that a
building permit has been issued for the property or the property is platted, further
subdivided or consolidated with another parcel. When the deferment ends, the
assessment shall be spread over twenty (20) years or such lesser number of years
that the final installment shall be due and payable no later than thirty (30) years
after this assessment resolution is adopted.
3. The owner of any property so assessed may, at any time prior to
• certification of the assessment to the County Auditor, pay the whole of the
assessment on such property, with interest accrued to the date of payment, to the
• RF{SOLUTION, CONT.
PAGE TWO
City Treasurer, except that no interest shall be charged if the entire assessment is
paid within thirty (30) days from the adoption of this resolution; and he or she
may, at any .time thereafter, pay to the Ciry Treasurer the entire amount of the
assessment remaining unpaid, with interest accrued to December 31 of the year in
which such payment is made. Such payment must be made before December 31, 1994, or
interest will be charged through December 31 of the succeeding year.
4. The City Clerk shall forthwith transmit a certified duplicate of this
assessment to the County Auditor to be extended on the proper tax lists of the
County, and such assessments shall be collected and paid over in the same manner as
other municipal taxes.
ADOPTED by the City Council of the Ciry of Lakeville, Minnesota, on the 16th
day of May, 1994.
CITY OF KEVILLE
BY:
Duane Zaun, Mayo
,ATTEST:
I ~l/
Charlene Friedges, ry Clerk