93-003 RES
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RESOLUTION 91 - ~
RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING SUPPLEMENTAL ASSESSMENT ROLL
FOR THE WESTERN AREA PHASE I ASSESSMENT
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
Western Area Phase I improvement and has determined
the amount to be assessed against the benefitted
property as the Council deems just.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Elk River, Minnesota:
1.
The supplemental 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.
2.
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 at 7.5% over a period
of five (5) years.
3.
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/County 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 year in
which payment is made. If payment is made after
November 15, interest will be calculated through
December 31 of the next succeeding year.
4.
The City Administrator shall transmit to the County
Auditor a certified duplicate of the attached
assessment roll to be extended on the property tax
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lists of the County. Such assessment shall be
collected and paid over in the same manner as other
municipal taxes.
Passed and adopted by the City Council of the City of Elk River
this 1st day of February, 1993.
ATTEST:
Sandra A.
tl.
4 :leA d~ I+erY\ 6.'
1
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/93 7 ~^,d 5-1- AJuJ
AS5C:SSl'IOlT SCH9U~
Const~nt Princip~l P~y.ent t'lethcd
"..
P~oject: WESTE~N AREA InPRCV€~ENTS
P~~cel: 7~-41J-l~50
OW~: Ronald Crapser
Inte~est St~rt D4te:
Rep4y.ent Period:
Interest R.te:
Assess.ents:
4. T~UNX WATER~AIN
b.
c.
d.
e.
Lot: 1 & 2
Slock: 14
Addition: ORClI.{J
01-De~-92
S re~r'S
7. S07.
Cu.-n t.i t)'
1
Un it t'le.1sure
AC.'.:tE
Unit Pr-ic~
2000.00
A-oun t
S2,OOO.00
=====:===================================================================================
.
.
'l'E.4R
At-..~AL P A '/'M€."lr
1993
1994
1995
1996
1997
199P.
$712.74
1520.00
1490.00
'S':60.00
S':30 . 00
P R I:..c IF ~L
PAYl':ENi
'S':;<lO.OO
s':;<lO.OO
S':;<lO.CO
S':;OO.OO
1':;00.00
Tot~l Ass~ss~ent
INTE:RESi
PA"l'MENT
PRIM:IPAL
RE:.~AINI~
$312.74
11.20.00
S90.00
s60.00
130.00
$2,612.74 =rot~l OT Annu~l P~y.ents
'.
12.000.00
11,600.00
11,.200.00
1S00.00
s':;OO.OO
sO.OO
S2,OOO.00
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