HomeMy WebLinkAbout2011-154RESOLUTION NO. 2011-154
• RESOLUTION REVISING ASSESSMENT ROLL
FOR 2011 STREET IMPROVEMENT PROJECT
(PROJECT 2010 -02, L.I.390)
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 2011 Street Improvement Project for the
following properties:
1115 Amundson Drive, 1201 Amundson Drive, 1250 Amundson Drive, 1300
Amundson Drive, 1310 Amundson Drive, 1022 3rd Street N, 1016 3 Street N
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MINNESOTA:
Such proposed assessments, 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 of ten (10)
years, the first of the installments to be payable on or before the first Monday in January 2012, and
shall bear interest at the rate of 4.5 percent per annum from the date of the adoption of this
• assessment resolutions. To the first installment shall be added interest on the entire assessment from
the date of this resolution until December 31, 2011. To each subsequent installment when due shall
be added interest for one year on all unpaid installments.
Property owners may at any time prior to certification of the assessment to the county auditor, pay
the entire assessment on such property, with interest accrued to the date of payment, to the City of
Stillwater Treasurer. NO INTEREST WILL BE CHARGED IF THE ENTIRE ASSESSMENT
IS PAID BY NOVEMBER 15, 2011. If the assessment is not paid by November 15, 2011, accrued
interest from the date of the adoption of the assessment roll through December 31, 2011 will be
added with the first installment due in 2012. If payment is not received by November 15, 2011, the
amount listed above will be collected over a 10 -year period with interest added at 4.5% per year on
the unpaid balance. The yearly installments will be collected with the property taxes that are paid to
Washington County. At any time thereafter, prior to November 15 of any year, pay the remaining
principal balance (in whole or part) to the City of Stillwater.
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 18 day of October 2011.
Attest:
Diane F. Ward, City Clerk