96-092 RESRESOLUTION 96~_2
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL
FOR 1996 SEWER AND WATER CONNECTIONS
WHEREAS, upon due notice properly made as required by law, the Elk River City
Council has met and heard and passed upon all objections to the
proposed assessment for the 1996 Sewer and Water Connections and
has determined the amount to be assessed against each individual
property as the Council deems just;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota:
Final assessment roll, a copy of which is attached hereto and
incorporated herein by this reference, is hereby accepted and adopted
and shall constitute the special assessment against the lands therein
named. Each such tract of land in the assessment roll is hereby found
to be benefited by the improvement in an amount not less than the
amount of the assessment levied against it.
Such assessment shall be payable in equal annual installments,
including both principal and interest, amortized in such amount
annually as is required to pay the principal with interest as indicated
on the attached schedules.
The owner of any property so assessed, may, at any time prior to
certification to the County Auditor of the assessment or the first
installment thereof, pay to the City Treasurer the whole of the
assessment on such property, with interest accrued to the date of
payment; except that no interest shall be charged if the entire
assessment is paid within 30 days after the adoption of this
Resolution. Prepayment may also be made after the certification of
the assessment or first installment thereof by paying to the City
Treasurer/Auditor the entire amount of the assessment remaining
unpaid with interest. In the case of a payment made before November
15, interest will be calculated through December 31 of the next
succeeding year.
The City Administrator shall transmit to the County Auditor a
certified duplicate of the attached assessment roll to be extended on
the property tax lists of the County. Such assessment shall be
collected and paid over in the same manner as other municipal taxes.
Passed and adopted this 21st day/of October, ]~96. ~
/~Ienr~A. Duits~n~a~, Mayor
ATTE ~fl~ A ·
~an~dra A. ~Thackeray, ~ity Clef~
s:\document\resoluti\96-sew2.doc
ASSES S~tENT
SCHEDULE
PROJECT:
PA$CEL:
OWNER:
Western Area
75-468-0265
Irv Moldenhauer
Impr
LOT: 11
BLOCK: 2
ADDITION: Orono Lake
Addn
YEARS:
INTEREST RATE:
16 Yrs
7.5%
ASSESSMENT
Western Area
Water/Sewer
Impr
AMOUNT
$ 3231.65
$ 5778.02
ANNUAL PRINCIPAL INTEREST PRINCI?AL
PAYMENT PAYMENT PAYMENT REMAINING
1996
1997
1998
1999
2000
2001
2002
2003
2004
20O5
2006
2007
2008
2009
2010
2011
2012
1238.83
1196.59
1154.36
1112.13
1069.90
1027.66
985.43
943.20
900.97
858.73
816.50
774.27
732.04
689.80
647.57
605.41
$ 9009.67
$ 563.10 $ 675.73 8446.57
563.10 633.49 7853.47
563.10 591.26 7320.37
563.10 549.03 6757.27
563.10 506.80 6194.17
563.10 464.56 5631.07
563.10 422.33 5067.97
563.10 380.10 4504.87
563.10 337.87 3941.77
563.10 295.63 3378.67
563.10 253.40 2815.57
563.10 211.17 2252.47
563.10 168.94 1689.37
563.10 126.70 1126.27
563.10 84.47 563.17
563.17 42.24 0.00
ASSESSMENT SCHEDULE
PROJECT Dodge Ave Street Impr
PARCEL: 75-422-0110
OWNER: Jacqueline/Michael Kedrowski
REMAINING YEARS
INTEREST RATE:
10 Years
8.00%
LOT: 1
BLOCK: 1
ADDITION: Elk Hills Addn
ASSESSMENT
Water and Sanitary Sewer
AMOUNT
$7,114.00
ANNUAL PRINCIPAL INTEREST PRINCIPAL
YEAR PAYMENT PAYMENT PAYMENT REMAINING
1996 $ 7,114.00
1997 1,280.52 711.40 569.12 6,402.60
1998 1,223.61 711.40 512.21 5,691.20
1999 1,1 66.70 711.40 455.30 4,979.80
2000 1,109.78 711.40 398.38 4,268.40
2001 1,052.87 711.40 341.47 3,557.00
2002 995.96 711.40 284.56 2,845.60
2003 939.05 711.40 227.65 2,134.20
2004 882.14 711.40 170.74 1,422.80
2005 825.22 711.40 113.82 711.40
2006 768.31 711.40 56.91 0.00