HomeMy WebLinkAbout87-154A CITY OF LAKEVILLE
RESOLUTION
Date October 8, 1987 Resolution No. 87-154A
Motion by Harvey Seconded by Nelson
RESOL TION ADOPTING ASSESSMENT
IM ROVEMENT PROJECT 87-2
VALL Y PARK 8TH ADDN. PHASE 4
WHEREAS, pursuan to proper notice .duly given as required by
law, the council has met, heard and passed upon all objections to the
proposed assessment for i proveme~t project 87-2, Valley Park 8th
Addn. Phase 4.
NOW, THEREFORE, E IT RESOLVE by the City Council of
Lakeville, Minnesota:
1. Such .proposed assessm nt No. 353 in the amount of .$173,735.12 a
copy of which is attached hereto and made a part hereof, is hereby
.accepted and shall consti ute the special assessment against the
.lands named therein, and ach tract of land .therein included is
hereby found to be benefi ed by the proposed improvement in-the
amount of the assessment evied against it.
2. Such assessments shal be considered payable in equal annual
installments over a perio of 10 years, the first of the install-
ments shall bear interest on or before the first Monday in January,
1989, and shall bear inte est at the rate of 9.5 percent per annum
from the date of the adop ion of this assessment resolution. To the
first installment shall b added interest on the entire assessment
from the date of this res lution until December 31,.1988. To each
subsequent installment wh n"due shall be added interest for one year
on all unpaid installment .
3. The owner of any prop rty so assessed may, at anytime prior to
certification of the asse sment to the county auditor, pay the whole
of the assessment on such property, with interest accrued to the date
of payment, to the city t easurer, except that no interest shall be
charged if the entire ass ssment is paid within 30 days from the
adoption of this resoluti n; and he may, at any time
r
~ ~
e
• a e ci surer the entire amount of the..
thereafter, p y to th y trea
assessment remaining unpa`d, with interest accrued to December 31 of
the year in which such pa ment 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 October, 1987.
CITY OF LAKEVILLE
BY:
Duane 2aun, yor
ATTE
.
r
Patrick E. McGarvey, City C erk
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