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CITY OF LAKEVILLE
RESOLUTION
Date September 25, 1986 Resolution No. 86-106A
Motion by Nelson Seconded by Enright
RESOLUTION ADOPTING .ASSESSMENT
IMPROVEME+T PROJECT 85-3
HOLYOKE AVENUE;. 207TH STREET AND HOLT AVENUE STREETSCAPE
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 85-3, Holyoke Avenue
NOk', THEREFORE,_BE IT ..RESOLVE by the City Council of Lakeville,
Minnesota:
1. Such proposed assessment No. 298. in the amount of $253,401.00, 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 extending over a period of 20 years, the first of the
installments to be payable on or before the first Zionday is January.,
1988, and shall. bear interest at the rate of 10.7 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 3I, 1987. To each
subsequent installment when due shall be added interest for.. one year.
on all unpaid installments.
3. The oc.-ner 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
thereaf tet, 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 taa~
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
25th day of.September,..1986.
CITY OF LAKEVILLE
Duane Zaun, Mayo
.ATTEST:
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' atrick E. McGarvey, City Clerk
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