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.CITY OF LAKEVILLE
RESOLUTION
Date October 8, 1987 Resolution No. 87-151A
Motion by Harvey Seconded by Enright
RESOLUTION ADOPTING ASSESSMENT
IMPROVEMENT PROJECT 86-3
165TH ST - JACKSON'S 1ST ADDN. AREA & OAK SHORES 2ND ADDN.
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 86-3, 165th St W -
Jackson's 1st Addn. & Oak Shores 2nd Addn.
. NOW, THEREFORE, BE IT RESOLVE by the City Council of
Lakeville, Minnesota:
1. Such proposed assessment No. 346, 384 & 385 in the amount of
$1,181,514.31 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,
1989, and shall bear interest at the rate of 9.53 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, 1988. 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 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
charged if the entire assessment is paid within 30 days from the
• adoption of this resolution; and he may, at any time
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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 samemanner as other municipal taxes.
ADOPTED by the City Council of the City of Lakeville,
Minnesota Sth day of October, 1987.
CITY OF LAKEVILLE
BY:
Duane Zaun, ayor
ATTE
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Patrick E. McGarvey, City C1