HomeMy WebLinkAbout7400 (Res.)226
•
•
s
RESOLUTION NO. 7400
RESOLUTION ADOPTING ASSESSMENT LOCAL IMPROVEMENT NO. 184.
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:
Watermains and services, sanitary sewer and services, storm sewer,
street surfacing and other appurtenances to service all of the Oak
Glen Development, platted and unplatted properties.
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
twenty (20) years, the first of the installments to be payable on the first Monday in January,
1985 and shall bear interest at the rate 10.1% 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, 1985. 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 certification 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 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 Council this 9th day of October, 1984.
Published: October 16, 1984
Attest:
Acting City Clem
RESOLUTION N0. 7401
ES
NT
PRESOLUTION URSUANT CALLING FOR AING ON A OPOSAL FOR MERCIAL PUBLICATION OF PROJECT
OF A
NOTICE OF THE HEARING (COSMOPOLITAN REAL ESTATE ASSOCIATES PROJECT).
WHEREAS,
(a) Chapter 474, Minnesota Statutes known as the Minnesota Municipal. Industrial Development
Act (the "Act") gives municipalities the power to issue revenue bonds for the purpose of the
encouragement and development of economicaii; sound industry and commerce to prevent so far as
possible the emergene of blighted and marginal lands and areas of chronic unemployment;
(b) The City Council of the City of Stillwater (the "City") has received from Cosmopolitan
Real Estate Associates, a general partnership organized under the laws of the State of Minnesota
(the "Company") a proposal that the City assist in financing a project hereinafter described, through
the issuance of its industrial revenue bonds (which may be in the form of a single debt instrument)
(the "Bonds") pursuant to the Act;
(c) Before proceeding with consideration of the request of the Company it 1s necessary for
the City to hold a public hearing on the proposal pursuant to Section 474.01, Subdivision 7b, Minnesota
Statutes;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows:
1. A public hearing on the proposal of the Company will be held at 7:00 o'clock P. M. on
October 30, 1984 at the City Hall.
(continued on page 225)
•
•
•