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HomeMy WebLinkAbout2014-166 RESOLUTION 2014-166 RESOLUTION ADOPTING ASSESSMENTS FOR 2013-2014 WATER SERVICE REPAIRS (L.I. 009) 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 2013-2014 Water Service Repairs (LI 009) for the following area: 28.030.20.22.0051 702 Hickory Street W 33.030.20.33.0013 1902 Greeley Street S WHEREAS, an agreement of Assessment and Waiver of Irregularity and Appeal was received by the property owner at 904 5th Street S. (33.030.30.12.0123). 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. Parcel ID - 28.030.20.22.0051. Such assessment ($7,924.77)shall be payable in equal annual installments extending over a period of eight (8) years, the first of the installments to be payable on or before the first Monday in January 2015, and shall bear interest at the rate of four and one half(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, 2014. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. Parcel ID - 33.030.20.33.0013. Such assessment ($9,134.98) 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 2015, and shall bear interest at the rate of four and one half(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, 2014. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 4. Parcel ID - 33.030.30.12.0123 - Such assessment ($2,700.00) shall be payable in equal annual installments extending over a period of two (2) years, the first of the installments to be payable on or before the first Monday in January 2015, and shall bear interest at the rate of four and one half(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, 2014. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 5. 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, 2014. If the assessment is not paid by November 15, 2014, accrued interest from the date of the adoption of the assessment roll through December 31, 2015 will be added with the first installment due in 2015. If payment is not received by November 15, 2014, 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 15th of any year, pay the remaining principal balance (in whole or part) to the City of Stillwater. 6. 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 Stillwater City Council this 7th day of October 2014. f� ATTEST: Keit Harycki, Mayor Diane F.Ward, City Clerk