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• CITY OF LAKEVILLE
RESOLUTION
DATE July 18, 1994 RESOLUTION NO. 94-151
MOTION BY Johnson SECONDED BY Mulvihill
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 Southeast
segment of Improvement Project 89-1.
NOW, THEREFORE, BE IT RESOLVED by the Ciry Council of Lakeville,
Minnesota:
1. Such proposed assessment No. 700 in the amount of $396,856.23, a copy of which
is attached hereto and made a part 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 Ciry Treasurer, except that no interest shall be
. RESOLUTION, CONT.
PAGE TWO
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 18th day
of July, 1994.
CITY OF LAKEVILLE
BY:
uane Zaun, Ma o
• ATTEST:
Charlene Friedges, City erk
•