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RESOLUTION N0. 6702
RESOLUTION ADOPTING ASSESSMENT LOCAL IMPROVEMENT NO. 157-1.
WHEREAS, pursuant to proper notice duly given as required by law, the Council
has met and heard and passed upon all objections to the proposed assessment
for sanitary sewers, watermains, streets, drainage and other appurtenances
to serve the Stillwater Industrial Park, Phase II.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Stillwater,
Minnesota:
1. That such proposed assessment 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 assessment shall be payable in equal annual installments extending
over a period of twenty (20) years, the first of the installments to be payable
on the first Monday in January, 1980 and shall bear interest at the rate of six
and one-half percent (64%) per annum from the date of the adoption of this assess-
ment resolution. To the first installment shall be added interest on the entire
assessment from the date of this resolution until December 31, 1980. To each
subsequent installment 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 certifica-
tion of the assessment to the County Auditor, pay the whole or any portion of the
assessment on such property, with interest accrued to the date of payment, so the
City Treasurer, except that no interest shall be charged if the entire, or any
portion of the assessment is paid within 30 days from the adoption of this
resolution; he may thereafter pay to the County Treasurer the installment and
interest in process of collection on the current tax list and he may pay the
remaining principal balance of the assessment to the City Treasurer.
4. The Clerk shall file the assessment roll pertaining to this assessment
in his office and shall certify annually to the County Auditor on or before
October 10 of each year the total amount of installments and interest which are
to be due in the following year on the assessment on each parcel of land included
in the assessment roll.
Adopted by the Council this 9th day of October, 1979.
Published: October 15, 1979
Attest:
ity Clerk
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