92-106 RES
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RESOLUTION 92 -1..Q.L
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 Hillside Estates Phase 1 and Cherryhill Bluffs 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 5.25 % over a period of three 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
/ 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 municipat taxes.
ATTEST:
Passed and adopted this 26th day of October, 1992.
J~v jD~
James A. Tralle, Mayor
RES-140.OCl
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STATE OF MINNESOTA
COUNTY OF SHERBURNE
CITY OF ELK RIVER
I, the undersigned, being the duly qualified and acting
Clerk of the City of Elk River, Minnesota, or an appropriate
official of the City authorized to execute this instrument on
behalf of the Clerk, DO HEREBY CERTIFY that I have compared the
attached and foregoing extract of minutes with the original
thereof on file in my office, and that the same is a full, true
and complete transcript of the minutes of a meeting of the City
Council of the City, duly called and held on the date therein
indicated, insofar as such minutes relate to the issuance of
One Hundred Sixty Thousand Dollar ($160,000) General Obligation
Tax Increment (Taxable) Note, Series 19920 of .the City.
WITNESS my hand and seal this ~ day of dD~
. 1992.
(SEAL)
~.. L. a-A.../
CieyClerk
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EXTRACT OF MINUTES OF MEETING OF THE
CITY COUNCIL OF THE CITY OF
ELK RIVER, MINNESOTA
Pursuant to due call and notice thereof, a reqular
meeting of the City Council of the City of Elk River,
Minnesota, was held at the Elk River Library in the City of Elk
River on the ~ day of Octobe~
1992, at 7:00 p.m.
The following members were present:
Mayor Tralle, Councilmembers Schuldt, Kropuenske, Holmgren and Dietz
and the following members were absent: None
Councilmember Holmqren
introduced the following
resolution and moved its adoption:
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