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HomeMy WebLinkAbout8179 (Res.) .'~- ~ \... r.o ......-- \ '\ , , (" ADOPTING ASSESSMENT FOR 311 SOUTH THIRD STREET NO. 8179 RESOLUTION ADOPTING ASSESSMENT WHEREAS, property located at 311 South Third street known as Parcel No. 10693-4110 was assessed for benefits received from Local Improvement No. 195, and WHEREAS, the property was subsequently declared tax delinquent, causing the assessments to be cancelled because of the forfeiture, and WHEREAS, Minnesota Statute 429.071, Subd. 4 provides that when a parcel of tax-forfeited land is returned to private ownership, a municipality may, upon notice and a hearing as provided in the original assessment, make a reassessment or a new assessment as to the parcel equal to the amount remaining on the original assessment, and WHEREAS, there remains a balance owing on this parcel for Local Improvement No. 195 in the sum of $475.36, and WHEREAS, the owners of the property wish to waive notice and a hearing and consent to the City Council's adoption of this Resolution, NOW, THEREFORE, LET IT BE RESOLVED BY THE CITY COUNCIL OF THE CITY OF STILLWATER: r 1. That the assessment in the amount of $475.36 is hereby adopted and shall constitute a special assessment against the property at 311 South Third Street known as Parcel No. 10693-4110 and the land 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 over a period of four years, the first of the installments to be payable on or before the first Monday in January, 1990, and shall bear interest at the rate of 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, 1990. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The Clerk shall forthwith transmit a certified copy 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 City Council this 3rd day of October, 1989. w&~r~ , Attest: M~~~ Exhibit "A"