HomeMy WebLinkAbout87-149A CITY OF LAKEVILLE
RESOLUTION
Date October 8, 1987 Resolution No. 87-149A
Motion by Nelson Seconded by Harvey
RESOLUTION ADOPTING ASSESSMENT
IMPROVEMENT PROJECT 86-10
.OAK SHORES 3RD 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 86-10, Oak Shores 3rd
• Addition.
NOW, THEREFORE, BE IT RESOLVE by the City Council of
Lakeville, Minnesota:
1. Such proposed assessment No. 347, 348,.349 & 350 in the amount of
$524,655.71 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 9.5 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, 19.88. To each
subsequent installment when due shall be added interest far 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