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RESOLUTION NO. 4771
RESOLUTION ADOPTING ASSESSMENT LOCAL IMPROVEMENT NO. 96 - PROJECT NO. 2 --
1971.
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 Local Improvement No. 98 - Project No. 2 (Surfacing, curb, gutter and other
appurtenances in residential streets).
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 ten (10) years, the first of the installments to be payable on
the first Monday in January, 1973 and shall bear interest at the rate of six and
one quarter percent (614Q per annum from the date of the adoption of this -
ment resolution. To the first installment shall be added interest on the entire
assessment from the date of this resolution until DecembF.r 31, 1973. 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 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 assess-
ment 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 include',
in the assessment roll.
Adopted by the Council this 19th day of September, 1972.
Published: September 26, 1972
Attest
City Clerk
Mayor
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