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RESOLtl'lIOlf liD. 91- 203
lJIf-....~OIiI ADOP'lIBG ""......"""""ft' POR L. I. 280
........."~, pursuant to an agreement with the affected property owner and proper
notice duly given as required by law, the council has met, heard and passed upon
all objections to the proposed assessment for underground electric service
charges due to the City of Stillwater.
HOIr, ''''''''''''UIlIl, BE rr RIlSllLYIlD BY mB c:I"fY UJUIIl;.J.J. OF STTT.T_'I'IfII, IrT1IIIIIt..c:norA:
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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
in 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 five (5) years, the first of the installments to be
payable on or before the first Monday in January 1992 and shall bear
interest at the rate of 8 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 tills resolution until
December 31, 1992. 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 if the
entire assessment is paid with 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 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 assessment shall be collected and paid over the same manner
as other MUnicipal taxes.
Adopted by Council this 8th day of October 1991.
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Mayor
ATTEST:Jf.j.A'~ ~~~
( City Clerk