HomeMy WebLinkAbout2015-180 RESOLUTION NO. 2015-180
RESOLUTION ADOPTING ASSESSMENT FOR
THE 2015 STREET IMPROVEMENT PROJECT
(PROJECT 2015-02) L.I. 406
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 2015 Street Improvement Project for the following area:
Properties abutting Market Drive/North Frontage Road from Curve Crest Boulevard to Washington
Avenue,North Second Street from Myrtle Street to Laurel Street and North Fourth Street from Myrtle Street
to Laurel 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 ten (10 years,
the first of the installments to be payable on or before the first Monday in January 2016, and shall bear
interest at the rate of four and 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, 2015. To each subsequent installment when due shall be added
interest for one year on all unpaid installments.
3. Property owners may at any prior to certification of the assessment to the county auditor, pay the
entire assessment balance on such property, without any additional interest to the City of Stillwater. NO
INTEREST WILL BE CHARGED IF THE ENTIRE ASSESSMENT IS PAID BY NOVEMBER
16, 2015. If the assessment is not paid by November 16, 2015,accrued interest from the date of the
adoption of the assessment roll through December 31, 2016 will be added with the first installment due
in 2016. If payment is not received by November 16, 2015, 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. You may 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.
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 6th day of October 2015. Z•4269
•
ATTEST: Ted Kozlowski, Mayor
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Diane F. Ward, City Clerk
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