HomeMy WebLinkAbout1991-069A
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RESOLUTION NO. 91-69A
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A Resolution Adopting Assessment
Local Improvement #257
WHEREAS, pursuant to proper notice duly given as required by
law, the Council has met, heard, and passed upon all objections
to the proposed assessments for the improvement known as the
Downtown Plan Capital Improvement Implementation Project;
NOW THEREFORE, be it resolved by the City Council of the
City of Stillwater that:
1. The proposed assessment, a copy of which is attached
hereto and made a part hereof, is hereby accepted and
shall constitute the special assessments 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 assessments shall be payable in equal annual
installments extending over a period of fifteen (15)
years, the first of the installments to be paid on or
before the first Monday of January, 1992, and shall
bear interest at the rate of eight (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 this
Resolution, until December 31, 1991. 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 of the assessment on the
property, with interest accrued to the date of payment,
to the City Treasurer, accept that no interest shall be
charged if the entire assessment is paid within thirty
(30) days from the adoption of this Resolution. An
owner, at any time thereafter, may 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 December 15, or interest will be charged
through December 31 of the next succeeding year.
4. The Clerk shall forwith transmit a certified duplicate
copy of this Assessment to the County Auditor, to be
extended on the property tax list of the County. Such
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assessments shall be collected and paid over in the
same manner as other municipal taxes.
Adopted by the City Council of the City of Stillwater this
16th day of April, 1991.
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Wally rahamson, Mayor
Attest:
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