HomeMy WebLinkAbout88-119 CITY OF LAKEVILLE
RESOLUTION'
Date September. 8, 1988 Resolution No. 88-119
Motion by Sindt Seconded by Harvey
RESOLUTION ADOPTING ASSESSMENT
IMPROVEMENT PROJECT 87-10
TROTTERS RIDGE & TROTTERS RIDGE 2ND ADDITION
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 Improvement Project 87-10, Trotters Ridge &
Trotters .Ridge 2nd Addniton.
• NOW, THEREFORE, BE IT RESOLVED:. by the City Council of
Lakeville, Minnesota:
1. Such proposed assessment No. 437 in the amount of $162,549.96,
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 20 years, the first of the. install-
ments shall bear interest on or before the first Monday in January,
1990, 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, 1989. To each.
subsequent installment when due shall be added interest for ane year
on`allunpaid 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
harped if the entire assessment is paid within 30 days from the
~doption of this resolution, andhe 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 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 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 8th day of September 8, 1988.
CITY OF LAKEVILLE
BY•
'Duane Zaun, M r
y
ATT •
Patr'ck E. McGarvey, City Cle