HomeMy WebLinkAbout1996-259
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RESOLUTION NO. 96- 259
ADOPTING ASSESSMENT
LOCAL IMPROVEMENT #320, 1996 STREET IMPROVEMENTS
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. 320,
described as 1996 Street Improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE 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 often
(10) years, the first of the installments to be payable on or before the first Monday in January
1997 and shall bear interest at the rate of 7.5 percent (7.5%) 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.
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
ifthe 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 15th day of October, 1996.
Attest:
Morli W Idon, City Clerk