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RESOLUTION NO. 4862
RESOLUTION ADOPTING ASSESSMENT LOCAL IMPROVEMENT NO. 106-1972.
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 installation of water and sewer improvements in the Croixwood Development,
First Addition.
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 three (3) years, the first of the installments to be payable on
the first Monday in January, 1974 and shall bear interest at the rate of six and
onequarter percent (61 6) 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, 1974. 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 certi-
fication 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 or any portion is paid within 30 days from the adoption of this resolu-
tion; 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 6th day of March, 1973.
Published: March 12, 1973
Attest
City Clerk
Mayor
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