HomeMy WebLinkAbout2018-232 assessment for retaining wall improvements for 823 South Fifth Street (GEOCODE 3303020120014) RESOLUTION 2018-232
RESOLUTION ADOPTING ASSESSMENT FOR RETAINING
WALL IMPROVEMENTS FOR 823 SOUTH FIFTH STREET
GEOCODE 3303020120014
WHEREAS, an Assessment Waiver Agreement for retaining wall improvement for 823 South Fifth
Street has been prepared and signed by property owners and presented to Council.
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.
4. Property owners may at any time prior to certification of the assessment to the county auditor,pay the
entire assessment balance on such property, without any additional interest to the City of Stillwater.
NO INTEREST WILL BE CHARGED IF THE ENTIRE ASSESSMENT IS PAID BY
NOVEMBER 16, 2018. If the assessment is not paid by November 16, 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 16, 2018, the assessments will be
collected over a period of ten(10) years with interest added at 4.25%per year on the unpaid balance.
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 City of Stillwater.
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 16th day of October 2018.
7,2„
Ted Kozlowski, Mayor
ATTEST:
/ce,
Diane F. Ward, City Clerk