HomeMy WebLinkAbout85-097 4 s t
• CITY OF LAKEVILLE
RESOLUTION
Date October 7, 1985 Resolution No. 85-97
Motion by Sindt Seconded by Harvey
RESOLUTION ADOPTING DEFERRED ASSESSMENT
IMPROVEMENT PROJECT 84-17
JUDICIAL ROAD
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 84-17, Judicial Road.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,
• Minnesota:
1. Such proposed assessment No. 263 in the amount of $17,403.80 is
hereby accepted and shall constitute the special assessment against
parcel #22-01400-013-50, 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 October 7, 2015, 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 10.3 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..
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• 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,
this 7th day of October, 1985.
CITY OF LAKEVILLE
BY:
D ane Zaun, Ma
ATTEST:
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Patrick E. McGar y, City Cler
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