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CITY OF LAKEVILLE
RESOLUTION
DATE May 16, 1994 RESOLUTION NO. 94-105
MOTION BY Sindt SECONDED BY Harvey
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.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Minnesota:
1. Such proposed assessment No. 683 in the amount of $121,810.76, 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 considered payable in equal annual installments
over a period of twenty (20) years, the first of the installments to be payable on
or before the first Monday in January 1996, and shall bear interest at the rate of
7.8605 percent per annum from the date of the adoption of this assessment
resolution.. To the first installment shall be added interest on the entire
assessment from the date of this resolution until December 31, 1995. To each
subsequent installment when due shall be added interest for one year on all unpaid
installments.
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
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• RESOLUTION, 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 City 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 City of Lakeville, Minnesota, on the 16th
day of May, 1994.
CITY OF KEVILLE
BY:
Du ne Zaun, Ma
ATTEST:
C/Vharlene Friedges, City Jerk
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