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HomeMy WebLinkAbout1997-234 tI. I' .. . . 2. . RESOLUTION NO. 97- 234 RESOLUTION ADOPTING ASSESSMENT HAZEL STREET RAVINE STORM SEWER (pROJECT 9610, L.I. 321) 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 storm sewer improvement of the Hazel Street Ravine with the following area to be assessed: North of West Moore Street; East of County Road 5; South of Minnesota Zephyr Railroad; and West of North Fifth Street. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER, MINNESOTA: 1. Such proposed assessments, a copy of which is attached hereto and made a part hereof, 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 with the following exceptions: A. Elmininate lineal foot assessment B. Hold out written objections 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 or before the first Monday in January 1998, and shall bear interest at the rate of seven percent per annum from the date of the adoption of this assessment resolutions To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1997. 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 anytime prior to certification of the assessment to the county auditor, pay the entire assessment on such property, with interest accrued to the date of payment, to the City of Stillwater Treasurer. No interest shall be charged if the entire assessment is paid within thirty (30) days from the adoption of this assessment. You may at anytime thereafter, pay to the Washington County Treasurer the installment and interest in process of collection on the current tax list and you may pay the remaining principal balance of the assessment to the City of Stillwater Treasurer, 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 succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes. ; .. ...4 . Adopted by the council this 7th day of October, 1997. . . ATTEST: f\f~;' uJ~ Modi eldon, CIty Clerk #~ y. e, ayor