HomeMy WebLinkAbout7970 (Res.)
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RESOLUTION NO. 7970
ADOPTING ASSESSMENT FOR LOCAL IMPROVEMENT NO. 252,
(STREET SURFACING FOR THIRD AVE. SO., HANCOCK ST., NORTH ST.,
NO. FIRST ST., & NO. CENTER ST.); AND
DISEASED TREE REMOVAL.
WHEREAS, pursuant to proper notice duly given as required by law, the City
Council has met and heard and passed upon all objections to the proposed
assessments for the following improvements:
Street surfacing for Third Ave. So, Hancock St., North St., No. First
St., and No. Center St.; and
Dutch Elm tree removal.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Stillwater:
1. That such proposed assessment 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 the first Monday in January, 1989 and shall bear
interest at the rate of 8.75% 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, 1989. 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 the whole or
any portion of the assessment on such property, with interest accrued to
the date of payment, to the City Treasurer, except that no interest shall
be charged if the entire assessment is paid within 30 days from the
adoption of this resolution; and he may, at any time thereafter, pay to
the City Treasurer the entire amount of the assessment remainin9 unpaid,
with interest accrued to December 31 of the year in which such payment is
made. Such payment must be made before October 10 or interest will be
charged through December 31 of the next succeeding year.
4. The Clerk shall forthwith transmit a certified duplicate of this
assessment to the County Auditor to be extended on the proper tax lists
of the County, and such assessments shall be collected and paid over in
the same manner as other municipal taxes.
Adopted
by t" C""'" t", ",' doy of s~~.
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MAY DR
ATTEST:
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