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CITY OF LAKEVILLE
RESOLUTION
Date April 20, 1992 92-60
Resolution No.
Motion by Harvey Seconded by Sindt
RESOLUTION ADOPTING SPECIAL ASSESSMENT ROLL
WITH GROUND DEVELOPMENT FOR
CEDARGLEN ADDITIONS
CEDAR AVENUE RECONSTRUCTION
IMPROVEMENT PROJECT 89-1
WHEREAS, in accordance with the Development Agreement for
Cedarglen Additions, approved by the City Council, the Developer has
agreed to pay assessments in the amount of $77,834.11.
WHEREAS, the developer has also a reed to a settlement for
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acquisition of right-of-way in the amount of $21,100.00, which would
be applied as a credit to the assessments in Cedarglen 4th Addition.
WHEREAS, the public hearing was waived by the Developer and
the only step is for the City Council to adopt the proposed assess-
went roll.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
Lakeville, Minnesota:
1. Such proposed assessment No. 5.76 in the amount of $ 56,734.11, 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.
RESOLUTION, CONT.
PAGE .TWO
2. Such assessments shall be considered payable in equal annual
installments over a period- of 20 years, the first of the install-
ments shall bear interest an or before the first Monday in January,
1994, and shall bear interest at the rate of 7.860 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, 1993, 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 city treasurer, except that no interest shall be
charged if the entire assessment is paid within 30 days from the
adoption of this resolution; and he 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,
1992, or interest will be charged through December 31 of the
succeeding year.
4. The 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, 20th day of April, 1992.
CITY OF AKEVILLE
BY :
Duane Zaun, a or
ATTEST:
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Charlene Friedges, C` y Clerk