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HomeMy WebLinkAbout88-158 r~ .CITY OF LAKEVILLE RESOLUTION Date December-5, 1988 Resolution No. 88-158 Motion by Enright Seconded by Sindt RESOLUTION ADOPTING ASSESSMENT FOR ENGINEERING:&;.RELATED COSTS IN WALNUT RIDGE WHEREAS, pursuant to proper notice duly given as required by law, the council has met, heard and passed upon all objecti©ns to the proposed assessment for Engineering & related costs in Walnut Ridge. NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Minnesota: 1. Such proposed assessment No. 454 in the amount of $40,081.26, 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 10 years, the first of the install- menu shall bear interest on or before the first Monday in January, 1991, and .shall bear interest at the rate of 9.25 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, 1'990. 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 wh©le 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 ~ioption of this resolution; and he may, at any time A 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 October 15, 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 an the proper tax lists of the county, and. such assessments shall be collected and paid aver in the same manner as;ather municipal taxes. ADOPTED by the City Council of the .City of Lakeville, Minnesota 5th day of December, 1988. CITY OF AKEVILLE BY: Du ne Zaun, ayor ~TE Patrick E. McGarvey, City Cl