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RESOLUTION NO. 7245
RESOLUTION ADOPTING ASSESSMENT LOCAL IMPROVEMENT NO. 195.
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 the following improvements:
Watermain and service replacements, storm drainage, sanitary
sewer services, concrete curb, gutters, sidewalks, retaining
walls and other appurtenances on South Third Street from
approximately 25 feet south of the south line of Walnut Street
to the north line of Chestnut Street.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Stillwater:
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 ten (10) years, the first of the installments to be payable
on the first Monday in January, 1984 and shall bear interest at the rate of
8.75% 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 31, 1984. To each subsequent insallment
when 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 certifi-
cation 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,
to the City Treasurer, except that no interest shall be charged if the entire
rehe
assessment is paid within 30 days from the adoption of this resolution;
may, at any time thereafter, 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 November 15
or interest will be charged through December 31 of the next succeeding year.
4. The Clerk shall forthwith transmit a certified duplicate of this assess-
ment to the County Auditor to be extended on the property tax lists of the County,
and such assessments shall be collected and paid over in the stoma manner as other
municipal taxes.
Adopted by the Countil this 4th day of October, 1983
Published: October 10, 1983
Attest: d 'P `4. '7aC_.
C/ity Clerk
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