HomeMy WebLinkAbout86-037
• CITY OF LAKEVILLE
RESOLUTION
Date April 7, 1986 Resolution No. 86-37
Motion by Sindt Seconded by Nelson
RESOLUTION ADOPTING DEFERRED ASSESSMENT
JACQUARD AVENUE DRAIN TILE
STORM DRAINAGE PROJECT 83-11
WHEREAS, the City and Owner have entered into a special assessment
agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,
Minnesota:
1. Assessment No. 293 in the amount of $1,597.50 is hereby accepted and
shall constitute the special assessment against parcel ~~22-03000-
010-59, 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 deferred, without interest,
until the parcel is subdivided (through final plat stage) or a
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 December 31, 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 10 years. The reassessment shall bear
interest at the rate of 11.53 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 before 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.
6. The county auditor is hereby instructed to abate one unit of
assessment ~~251 on parcel 422-03000-010-59 and to reissue a cor-
rected tax statement for taxes payable 1986.
ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 7th. day of April 1986.
CITY OF LAKEVILLE
BY : _ ~ ~ ~c
Duane Zaun, M r
ATTEST• '
,
atrick E. McGarvey, City Clerk
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