HomeMy WebLinkAbout2012-161RESOLUTION NO. 2012-161
RESOLUTION ADOPTING ASSESSMENT FOR
THIRD STREET SOUTH IMPROVEMENT PROJECT
(PROJECT 2012-04) L.I. 369
WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard all
objections to the proposed assessment for the THIRD STREET SOUTH IMPROVEMENT PROJECT for
the following area:
Properties abutting the east side of South Third Street from West Orleans Street to West Willard Street.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MINNESOTA:
1. 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 five (5) years,
the first of the installments to be payable on or before the first Monday in January 2013, and shall bear
interest at the rate of four (4) 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, 2012. To each subsequent installment when due shall be added interest for
one year on all unpaid installments.
3. Property owners may at anytime 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, 2012. If the assessment is not paid by November 15, 2012, accrued interest from the
date of the adoption of the assessment roll through December 31, 2012 will be added with the first
installment due in 2012. If payment is not received by November 15, 2012, the amount listed above will
be collected over a 10 -year period with interest added at 4% per year on the unpaid balance. The yearly
installments will be collected with the property taxes that are paid to Washington County. At anytime
thereafter, prior to November 15'h 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. _a*
Adopted by the council this 2 "d day of October 2012.
ATTEST:
Diane F. Ward, City Clerk
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