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HomeMy WebLinkAbout8158 (Res.) :11, Ii l II!.. L.r. 185 r- ~OII BO. 8158 ReaolDtion Dec~"~ con to be ReIuI_ed l'Ur8aBD~ to. t;a statutes 273.11 Ordering Preparati.aD t: PL' ,,- -.... JIeasBe&_~ -"", the Council has previousl~ adopted assessment rolls for Local Improvement 185, on parcels 9615-2300 t 1 Blk 2 Lot 1 Feely's Addition; 9615- 2350 Lot 2 Blk 2 Lot 2 Feely's Addit"on; 9615-2600 Lot 3 Blk 3 Lot 3 Feely's Addition; 9615-2400 Lot 3 Blk 2 Lot 3 !Feely's Addition; and FfRDVIIS, the above described properties (in whole) no longer qualify for deferment under Minnesota statutes 27~.11, and ! WAVDR~, there remains original asses~ents for Local Improvement 185 on the above described properties, and I .., ----~. .. ft RB90LYBD BY ~ ICIft UAIIIl.:l..&. OP ftTTaT.IIIl.... .1_~rrA: , 1. The portion of the cost of suc* iJuprovement to be paid by the city is hereby declared to be $ 0 pnd the portion of the cost be assessed against benefited property owne~s is declared to be $116,977.39. o 2. , Assessments shall be payable in~'equ al annualinsta llment,s ~tending over a period of one year, the firs of the installments to be on or before the first Monday in January 199 , and shall bear interest at the rate of 9.75 percent per annum from th date of the adoption of the assessment resolution; this term being equa to the term remaining on the Bonds issued to finance the improvement for whfch the original assessments were levied. 3. The city clerk, with the assi tance of the city engineer (consulting engineer) shall forthwith cal late the proper amount to be specially assessed for such iJuprovement ag inst every assessable lot, piece of parcel of land within the district aff ted, without regard to cash valuation, as provided bylaw, and he shal file a copy of such proposed assessment in his office for public inspe 4. The clerk shall upon the complefion of such proposed assessment, notify the council thereof. Adopted by the council this 5th day o~ September, 1989 , ~ fJ,~~ City Clerk, ' ;;/ad; ~ o