HomeMy WebLinkAbout86-119A CITY OF LAKEVILLE
RESOLUTION
Date October 8, 1986 Resolution No. 86-119A
Motion by Nelson Seconded by Enright
RESOLUTION ADOPTING 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. 300 and 301 in the amount of
$280,451.00 and $201,043.08, 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
benefited by the proposed improvement in the amount of the assess-
ment 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,
1988, and shall bear interest at the rate of 9.55 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, 1987. 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
v
from the adoption of this resolution; and he may, at any time
• thereaf ter, 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
8th day of October 1986.
CITY OF LAKEVILLE
BY:
Duane Zaun, or
• ATTEST:
r
atrick E. McGarvey, City Clerk
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