HomeMy WebLinkAbout7822 (Res.)
r
r
r
~.
.
....,
"
RESOLUTION NO. 7822
RESOLUTION ADOPTIN6 ASSESSMENT
FOR LOCAL IMPROVEMENT NO. 242
WEST SYCAMORE STREET
CITY OF STILLWATER. MINNESOTA
WHEREAS. pursuant to proper notice as required by law, the Council has met
and heard and passed upon all objections to the proposed assessment for the
following local Improvement:
Watermains and services, sanitary sewer and services, storm sewer,
street surfacing and other appurtenances; and other work that during
the project Is found to be necessary to protect the health, safety
and welfare of the abutting property.
NOW. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MINIlESOT A:
1. The proposed assessment, which is 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 10 years, the first of the
installments to be payable on or before the first Monday in
January 1988 and shall bear interest at the rate of eight and
three quarters percent (8-3/4%) per annum from the date of the
adoption of this assessment resolution. To the first
installment shall be added interest on the entire assessment
from the date of this resolution until December 31, 1988. To
each subsequent installment when due shall be added interest for
one year on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to
certification of the assessment to the County Auditor, pay to
the City Treasurer the entire assessment or any portion thereof
on such property, with interest accrued to the date of payment,
except that no Interest shall be charged if the payment is made
within 30 days from the adoption of this resoltuion; he may
thereafter pay to the county treasurer the installment and
interest in process of collection on the current tax list, and
he may pay the remaining principal balance of the assessment to
the city treasurer. Such payment must be made before November
15 or interest will be charged through December 31 of the next
succeeding year. Should a partial prepayment be made, the
remainder of the assessment shall be spread in equal payments
for the remainder of the life of the original assessment at the
rate of interest established by this resolution. Partial
..
r
r
f"
WIIO;"
..
-.
prepayments are authorized by Stillwater City Code Chapter
56.06.
4. Under Minnesota Statutes Section 435.193 to 435.195 and
Stillwater City Code, Chapter 56.05, the Council may, in its
discretion, defer the payment of this special assessment for any
homestead property owned by a person 65 years of age or older or
retired by virtue of a permanent and total disability for whom
it would be a hardship to make the payments.
The option to defer the payment of special assessments shall
terminate and all amounts accumulated plus applicable interest,
shall become due upon the occurrence of any of the following
events: (a) the death of the owner, provided that the spouse
is otherwise not eligible for the benefits hereunder; (b) the
sale, transfer or subdivision of the property or any part
thereof; (c) if the property should for any reason lose its
homestead status; or (d) if for any reason the taxing authority
deferring the payments shall determine that there would be no
hardship to require immediate or partial payment.
Any assessed property owners meeting the requirements of this
law and the ordinance adopted under it may, upon adoption of the
assessment, apply to the City Clerk for the prescribed form for
such deferral of payment of the special assessment on the
property.
5. 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, and such assessments shall be collected
and paid over in the same manner as other municipal taxes.
Adopted by the Council this 7th day of October 1987.
~ ~~..x--
MAYOR
ATTEST:
~Tftd~~