93-059 RES
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RESOLUTION 93 - 59
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL
WHEREAS, upon due notice property 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 Cherryhill
Bluffs 2nd Addition improvement 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:
1. 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
benefitted 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 as
5.75 % over a period of three years.
The owner of any property so assessed, may, at anytime prior to certification to the County
Auditor of the assessment or the frrst 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.
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 lists of the County. Such assessment shall be
collected and paid over in the same manner as other municipal taxes.
Passed and adopted this 27th day of September, 1993.
ATTEST:
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. ~ 1{MayER
John Dietz, Vice Mayor
159-2310.sep