HomeMy WebLinkAbout1991-115
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RESOLUTION NO. 91-115
LOCAL IMPROVEMENT NO. 184
RESOLUTION ADOPTING
REASSESSMENT AND ASSESSMENT
WHEREAS, Minnesota Laws 1991, Chapter 291 , Article 21 ,
Section 21, authorizes the City to: (a) enter into an agreement
with Oak Glen and all parties having recorded mortgages on the
Lots, providing for a reassessment of the special assessments and
interest owing with respect to Local Improvement No. 184, and the
assessment of an amount equal to all ad valorem taxes, penalties
and interest paid by the city, with respect to the Lots; (b) to
borrow money to pay and pay all such taxes, penalties and
interest; and (c) to make such reassessment and assessment
pursuant to such agreement.
WHEREAS this agreement has been made and executed by the
necessary parties, and Oak Glen and the Mortgagors have waived
all of their rights as owners or mortgagors of the Lots; (a) to
published and mailed notice of such reassessment and assessment;
and (b) to contest or appeal from the reassessment or assessment
on procedural grounds or lack of or inadequate special benefits,
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 (as Exhibit "A"), is hereby
adopted and shall constitute a special assessment and
reassessment against the lands named therein, and each tract of
land therein included in hereby found to be benefited by the
proposed improvement in the amount of the assessment and
reassessment levied against it.
2. The amounts reassessed and assessed shall be payable in
equal annual installments together with real estate taxes in the
years 1992 through 1996, and shall bear interest from July 1,
1991 until paid on the balance thereof from time to time unpaid
at the rate of 10% per annum.
3. The amount to be reassessed and assessed on each Lot
shall constitute a first and prior lien on the Lot to the same
extent and with the same effect as any special assessment levied
pursuant to Minnesota Statutes, Chapter 429.
4. The reassessment and assessment shall become effective as
of the date on which all ad valorem taxes payable with respect to
the Lots in 1991 and prior years and all penalties and interest
thereon are paid by the City, and a certified copy of this
resolution and the assessment rollbe filed with Washington
County.
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5. The county auditor shall thereafter extend such amounts
on the prQperty tax list of the County to be collected and paid
over in the same manner as other municipal taxes.
Adopted by the City Council this 10th day of June, 1991.
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