HomeMy WebLinkAbout2020-094 (Assessment Hearing for Neal Avenue Improvement Project (Project 2019-08))RESOLUTION 2020-094
RESOLUTION ADOPTING ASSESSMENT FOR
NEAL AVENUE IMPROVEMENT PROJECT - PHASE ONE
PROJECT 2019-08, L.I. 430
WHEREAS, pursuant to proper notice duly given as required by law, the council has met
and heard all objections to the proposed assessment for the Neal Avenue Improvement Project for
the following area:
Properties abutting Neal Avenue from Eagle Ridge Trail to White Pine Way Street.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MINNESOTA:
1. Such proposed assessments, 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 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 assessments shall be payable in equal installments over a period of ten (10) years
with the first of the installments to be payable on or before the first Monday in January
2021, and shall bear interest at the rate of 2.75% per annum from the date of the
adoption of this assessment resolutions. To the first installment shall be added interest
on the entire assessment from the date of this resolution until December 31, 2020. To
each subsequent installment when due shall be added interest for one year on all unpaid
installments.
3. 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 1, 2020. If the assessment is not paid by
November 1, 2020, accrued interest from the date of the adoption of the assessment roll
through December 31, 2020 will be added with the first installment due in 2021. If
payment is not received by November 1, 2020, the assessments will be collected over a
period of ten (10) years with interest added at 2.75% 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.
4. 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 29th day of September, 2020.
CITY OF STI.. WA TER
Ted Kozlowski, Mayor
Beth Wolf, City Clerk