HomeMy WebLinkAbout2012-178RESOLUTION 2012 -178
RESOLUTION ADOPTING ASSESSMENT FOR
2012 STREET IMPROVEMENT PROJECT
(PROJECT 2012 -02) L.I.393
Parcel # 28.030.20.24.0063 (323 Laurel Street)
WHEREAS, pursuant to proper notice duly given as required by law, the council and staff has
met and heard and passed upon on the objection to the proposed assessment 2012 Street
Improvement Project for Parcel # 28.030.20.24.0063 (323 Laurel Street).
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MN:
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
ten (10) 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 and one half percent (4.0 %) 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 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 29, 2012. If the
assessment is not paid by November 29, 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 29, 2012, the amount
listed above will be collected over a 10 -year period with interest added at 4.0% 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 15th of
any year, pay the remaining principal balance (in whole or part) to the City of Stillwater.
LJ
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 30th day of October 2012.
ATTEST:
Diane F. Ward, City Clerk