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CITY OF LAKEVILLE
DAKOTA COUNTY., MINNESOTA
RESOLUTION
Date September 11, 1989 Resolution No. 89-131
Motion By Harvey Seconded By Enright
RESOLUTION ADOPTINQr DEFERRED ASSESSMENTS
IMPROVEMENT PROJECT 88-9
LAREVILLE COMMERCIAL CENTER
WHEREAS, pursuant to proper notice given as required by law,
the Council has met, heard and passed upon all objections to the
proposed assessment for Improvement Project 88-9.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Lakeville,. Minnesota:
1. Such proposed assessment No. 486 in the amount of
• $41,832.00, 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 deferred, with
interest, until the parcel(s) is brought into the Metropolitan Urban
Service Area (MUSA). If, however, such deferment has not ended prior
to September 11, 2019,-the entire assessment, including principal
and accrued interest, will be considered abated in accordance with
Minnesota Statutes 429.
3. Such assessment shall be payable in twenty (20) equal
annual installments, commencing when the deferment ends, provided
that installments due after September 11, 2019, shall be abated,
except that all interest accrued during the deferment period shall
be payable in the first year after the deferment ends. The
assessment shall bear interest at the rate of 8.6 percent per annum.
To each subsequent installment when due shall be added interest for
one year on all unpaid installments.
4. The owner of any property so assessed may 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 next succeeding year.
r11 /1 0/89
v ~
• 5. 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, this 11th day of September, 1989.
CITY OF LAKEVILLE
BY
Du ne R. Zaun, Ma
TEST:
C arlene Friedges, Ci y Clerk
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