HomeMy WebLinkAbout86-119B i T
Jt~ t
•
CITY OF LAKEVILLE
RESOLUTION
Date October 8, 1986 Resolution No. 86-1198
Motion by Nelson Seconded by Enright
RESOLUTION ADOPTING DEFERRED ASSESSMENT
IMPROVEMENT PROJECT 85-9
CLAY'S ACRES STREET AND STORM SEWER IMPROVEMENT
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 85-9, Clay's Acres Street
and storm sewer improvement.
NOW, THEREFORE, BE IT RESOLVE by the City Council of Lakeville,
Minnesota:
1. Such proposed assessment No. 315 and 317 in the amount of $1,830.60
and $5,358.36, respectively, 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 benef ited by the
proposed improvement in the amount of the assessment levied against
it.
2. Such assessments shall be deferred, without interest, until the
parcel is submarine (through final plate stage) or a commercial
building permit is issued.- At such time, the assessment shall
automatically be considered "reassessed" in accordance with the
terms stated below. If, however, such reassessment has not started
prior to October 8, 2016, the entire assessment will be considered
abated in accordance with Minnesota Statues 429.
3. Such reassessment shall be payable in equal annual installments
extending over a period of 20 years. The reassessment shall bear
interest at the rate of 9.55 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 reassessed may pay to the city treas-
. urer 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 bef ore October 15, or interest will
be charged through December 31 of the next succeeding year.
5. 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, 1986.
CITY OF LAKEVILLE
Duane Zaun, or
• ATTEST:
r
atrick E. McGarvey, City Clerk
•
2