89-061 RES
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WHEREAS
RESOLUTION 89 - 61
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING A FINAL ASSESSMENT ROLL FOR
WATER IMPROVEMENTS IN LOOKOUT PLACE
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 Lookout Place
water improvement project and has determined the amount
to be assessed to each individual property as the Council
deems just;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River, Minnesota:
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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 this 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 annual as is required to pay
the principal and interest at 9% over a period of
five 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
the payment; except that no interest shall be charged
if the entire assessment is paid within thirty 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 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 the 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
lists of the County. Such assessment shall be
collected and paid over in the same manner as other
municipal taxes.
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Passed and adopted this 2nd day of October, 1989, by the City
Council of Elk River, Minnesota.
,3~ 11 :z;:-a:
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James A. Tralle, Mayor