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89-128
r` w r; ' .CITY OR LAKEVILLE RESOLUTION Date. September ll. 1989 Resolution No. 89-128 Motion by Harvey Seconded by Sindt RESOLUTION ADOPTING ASSESSMENTS FOR. IMPROVEMENT PROJECT 88-2, STREET AND DRAINAGE IMPROVEMENTS ON HIGHVIEW AVENUE 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 88-2. NOW, THEREFORE, BE IT RESOLVED by the City Council. of Lakeville, Minnesota: 1. Such proposed assessment No. 481 in the :amount. of $ 86,349.33, 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 evied 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, 1991, and -shall bear interest at the rate of 8.6 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 3I, 1990, 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 asse sment is paid within 30 days from. the adoption of this resolution;. and he may,. at any time Y r` 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, 11th day of September, 1989. CITY O LAKEVILLE Du ne Zaun, M ar ,ATTEST: Charlene Friedges, Ci y Clerk