88-083 RES
RESOLUTION 88-83
A RESOLUTION FOR THE CITY OF ELK RIVER
.
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL
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 Downtown Beautification 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. The 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 roIl 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 sha11 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
10% over a period of 10 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 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 by the Elk River City Council this 26th day of
September. 1988.
&JL!1 C ~
Estelle E. Gunkel. Mayor
ATTEST:
.. )~}) d~~
Patrick D. Klaers. City Administrator