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RESOLUTION NO. 94-259
ADOPrING ASSESSMENT
L.I. 297, WILLIAM STREET; L.I. 298, SHERBURNE STREET,
L.I. 299, SOUI'll 6TH STREET, AND L.I. 300, MULBERRY STREET
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
Improvements Nos. 297, 298, 299, and 300, described as William Street, Sherburne Street,
South Sixth Street, and Mulberry Street.
NOW, THEREFORE, BE IT RESOLVED BY THE CfIY COUNCIL OF STILLWATER,
MINNESOTA:
1. Such proposed assessment, a copy of which is attached hereto and made a part
hereof, is hereby accepted and shaIl 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 shaIl be payable in equal annual instaIIments extending over a
period of ten (10) years, the first of the instaIIments to be payable on or before the
first Monday in January 1995 and shaIl bear interest at the rate of 6.75 percent per
annum from the date of the adoption of this assessment resolution. To the first
instaIIment shaIl be added interest on the entire assessment from the date of this
resolution until December 31, 1995. To each subsequent instaIIment 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 assessment on such property, with
interest accrued to the date of payment, to the city treasurer, except that no interest
shaIl be charged if the entire assessment is paid within thirty (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 shaIl 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 shaIl be collected and paid over in the same manner as other municipal
taxes.
Adopted by the council this 11th day of October, 1
Attest: ~ 0- _ I J ). j tlr....
Morli eldon, City Oerk