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RESOLUfION NO. 95- 231
ADOPI'ING ASSESSMENT
LOCAL IMPROVEMENT 307, MYRTLE STREET PAVEMENT REHABILITATION
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, 307, described as Myrtle Street Pavement Rehabilitation.
NOW, TIlEREFORE, BE IT RESOLVED BY TIlE CITY COUNCIL OF STILLWATER,
MINNESOTA:
1. Such proposed assessment, 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,
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 or before the
first Monday in January 1996 and shall bear interest at the rate of 7.50 percent 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, 1996. To each subsequent installment when due shall
be added interest for one year on all unpaid installments.
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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
shall 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 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.
Adopted by the council this 10th day of October, 1995.
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Attest:
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Mor Weldon, City aerk