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HomeMy WebLinkAbout1991-188 AND 189 z r r' , r . COMBINED RESOLUTION NOS. 188 and 189 Local Improvement No. 257 A Resolution Declaring Cost To Be Assessed, Ordering Preparation of an Amended Assessment Roll as to Certain Properties and Ordering a Hearing on the Amended Assessment WHEREAS, Resolution No. 91-69B has been made by the City Council continuing the assessment hearing as to certain property for Local Improvement No. 257, otherwise known as the Downtown Plan; and appraisals of the property have been obtained and it is now possible to prepare an amended assessment roll as to those parcels. NOW THEREFORE, BE IT RESOLVED: 1. Assessments shall be payable in equal installments extending over a period of between ten to fifteen years, the first of the installments to be payable on or before the first Monday in January of 1992, and shall bear interest at the estimated rate of eight (8%) percent per annum from the date of the adoption of the assessment resolution. 2. The City Clerk, with the assistance of the consulting engineers, Short, Elliott & Hendrickson, shall forthwith calculate the amended amount to be specially assessed for this improvement against this property. A copy of the proposed assessment shall be filed in the Office of the City Clerk for public inspection. 3. A hearing shall be held on October 8 , 1991 at 3:00 p.m. in the City Hall to pass upon such proposed amended assessment. At this time and place all persons owning property affected by the local improvement will be given an opportunity to be heard with reference to this assessment. 4. The City Attorney is hereby directed to cause Mailed Notice of the continued hearing on the proposed amended assessment to be given to the owner of each parcel described in the assessment roll. 5. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay to the City Treasurer the whole of the assessment on the property, with interest accrued to the date of payment, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of the assessment. They may, at any time thereafter, pay the entire amount of the assessment remaining unpaid, with interest accrued, to December 31 I~I . I , I 11~!li I - . . r' r' r ~ll; I . II I:J.". 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. Adopted by the Stillwater City Council this 17th day of September, 1991. wattr~::-- ATTEST: M~~~