RES 11-75RESOLUTION II-75
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING AND LEVYING ASSESSMENTS
FOR REMOVAL OF HAZARDOUS BUILDING
WHEREAS, Minnesota Statutes Section 463.21 authorizes the city to levy an assessment
equal to the cost of abatement fox removal ox correction of a hazardous
condition; and,
WHEREAS, the city's ordinance Section 46-38 authorizes the city to levy an assessment
against pxopexry fox any costs the city incurs to abate a public nuisance; and,
WHEREAS, the property owner has signed a Petition fox Consent to have the cost of the
building removal assessed to the property fox repayment over five yeazs at an
interest rate of 8.0%; and,
WHEREAS, State law does not require a public hearing ox notice before levying such
assessments.
NOW, THEREFORE, BE IT RESOLVED by the Ciry Council of the City of Elk River that
the parcel and amount listed on Exhibit A attached hereto, are correct and made a part hereof, are to
be levied and are to be certified to the Sherburne County Auditor.
Passed and adopted by the City Council of the City of Elk River this 5`~ day of December, 2011.
(ATTEST:
v L ---~_
Tina Allard, City Clerk
~y!
Jo .Die • , Ma ox
N:\PubGc Hodia\Ciry Council\Coundl RCA\Agenda Pad-et\72-05-1All\NAPA.do«
EXHIBIT A
AS5EHSMENT SCHEDULE
DECLINING BALANCE METNO-
S/A CODB: 20111
PROSECT: NAPA DEMO
ONNER: ELK RIVER AERIE N3269 FOE PARCEL; ]5-905-0990
ADDRESS: BZ4 RAILROAD -R LDT: 3
ELK RIVER, MN 55330 BLOCK: 9
ADDITION: VILLAGB
REPAYMENT PERIOD: 5 Yeaza
INTEREST RATS: 0.00000 k
INTEREST START DATE: 12/01/2011
UNIT UNIT
ASSESSMENT QUANTITY MEASURE PRICE AMOUNT
1.00 HEN UNIT 23930.66 23930,66
Annual In to teat Principal Principal
Period Payment Payment Payment Remaining
2012 6,'116.]9 2,030. 66 4,686.13 18,]99.53
2013 6,185.69 1,499. 56 4,686.13 19,050.40
2014 5,810.80 1,129. 6] 4,686.13 9,3]2.2]
2015 5,935.91 '199. ]8 4,606.1] 4,686.14
2016 5,061.03 3]9. 89 9,686.19 0.00
29,210.22 5,]]9. 56 23,430.66
~~ THIS AMORTIZATION TAHLE OISYLAYS A SCHHDULS OF PAYMENTS BASED ON THE NUMEER OP YEARS,
• STARTING YEAR, AND INTEREST RATE OP SPECIAL ASSESSMENT DISTRICT 20111 (NAPA DEMO).
•~ IT DOES NOT TAXE INTO CONSIOEAATION PAYOFFS OA ADVANCE PAYMENTS
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