HomeMy WebLinkAbout86-106B
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CITY OF LAKEVILLE
RESOLUTION
Date September 25, 1986 Resolution No. 86-106B
Motion by Nelson Seconded by Enright
RESOLUTION ADOPTING DEFERRED ASSESSMENT
IMPROVEMENT 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 and
207th Street and Holt Avenue Streetscape.
NOW, THEREFORE, BE IT RESOLVE by the City Council of Lakeville,
Minnesota:
1. Such proposed assessment No. 299 in the amount of $ 36,056.00 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 def erred, without interest,
until the parcel is subdivided (through final plat 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 September 25, 2016, the entire assessment will be
considered abated in accordance with Minnesota Statutes 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 10.7 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
25th day of September, 1986.
CITY OF LAKEVILLE
BY : ti..
Duane Zaun, or
. ATTEST:
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atrick E. McGarvey, City Clerk
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