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HomeMy WebLinkAbout7246 (Res)• 7 f:24 • • RESOLUTION NO. 7246 RESOLUTION ADOPTING ASSESSMENT LOCAL IMPROVEMENT NO. 207. 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: The expansion of storm sewer drainage in the City of Oak Park Heights east of Osgood Avenue (South Fourth Street) to Pecan Avenue, north to East 65th Street (Orleans Street) to East St. Louis and South of East 65th Street (Orleans Street) to East 61st Street, pursuant to Minnesota Statutes, Section 439.011 to 429.111. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Stillwater, Minnesota: I. 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 installment 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 assessment is paid within 30 days from the adoption of this resolution; and he 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 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 Council this 4th day of October, 1983 Published: October 11, 1983 Attest: �{0 de.?. �J ity Clerk Mayor 1 • J • • • •