89-029 RES
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RESOLUTION 89- 29
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 Main Street 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 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 at 7.75%
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 22nd day of May. 1989.
J~/!~
James A. Tralle. Mayor
ATTEST:
pa~~~~strator