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HomeMy WebLinkAbout2018-219 (assessments for water service improvements for various resident projects (L.I. 422-1, L.I. 422-2, L.I. 422-3)) RESOLUTION 2018-219 RESOLUTION ADOPTING ASSESSMENTS FOR WATER SERVICE FOR VARIOUS RESIDENT PROJECTS (L.I.422-1, L.I.422-2 &L.I.422-3) WHEREAS,a Water Repair Service Agreements have been executed relating to the following addresses: 651 Croixwood Place 722 3rd Street S 301 Owen Street N 322 Broadway Street S 419 Second Street S WHEREAS,the agreement for this water repair is in default. NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL.OF STILLWATER,MINNESOTA: 1. Such assessment, 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 2. 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. 3. Such assessment shall be payable in equal annual installments extending over a period as stated below: L.I.# ADDRESS GEO Code Amount Term Interest Rate 422-1 651 Croixwood Place 3103020110068 $4,100.00 3 yrs. 4.5% 422-1 722 3rd Street S 2803020120069 $5,200.00 3 yrs. 4.5% 422-2 301 Owen Street N 2803020230124 $7,500.00 4 yrs. 4.5% 422-3 322 Broadway Street S 2803020440103 $16,000.00 9 yrs. 4.5% 422-3 419 Second Street S 2803020440104 $16,000.00 9 yrs. 4.5% 4. NO INTEREST WILL BE CHARGED IF THE ENTIRE ASSESSMENT IS PAID BY NOVEMBER 15, 2018. If the assessment is not paid by November 15, 2018, accrued interest from the date of the adoption of the assessment roll through December 31, 2018 will be added with the first installment due in 2019. If payment is not received by November 15, 2018, the amount listed above will be collected as stated above on the unpaid balance for the predetermined years above. 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 Board of Water Commissioners. 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.Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Stillwater City Council this 2nd day of October, 2018. Ted Kozlowski, May ATTEST: Ith5CL /a641,1,/ Diane F.Ward, City Clerk