85-063 RES
RESOLUTION 85-63
.
RESOLUTION ADOPTING ASSESSMENT OF BITUMINOUS OVERLAY
STREET IMPROVEMENT PROJECT 1985-1
WHEREAS, pursuant to proper notice duly siven as required by law,
the Elk River City Council has met and heard and passed
upon all objections to the proposed assessment for the
bituminous overlay street improvement project of
Ridsewood Subdivision Additons 1, 2, and 3.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River, Minnesota:
1. Such proposed assessment, a copy of which is
attached hereto, and made a part hereof, is herebY
accepted and shall constitute the special assessment
asainst the lands named therein and each tract of
land therein included is hereby found to be
benefitted by the proposed improvement in the amount
of the assessment levied asainst it.
2.
Such assessment shall be payable in equal annual
installments extendins over a period of ten years,
the first of the installments to be payable on or
before the first Monday in January, 1986, and shall
bear interest at the rate of ten percent (lOX) per
annum from the date of the adoption of this
assessment resoluton. To the first installment
shall be added interest on the entire assessment
from the date of this resolution until December 31,
1985. To each subsequent installment, when due,
shall be added interest for one year on all unpaid
installments.
.
3. The owner of any property so assessed may, at any
time prior to certification of the assessment to the
County Auditor, pay the whole of the assessment on
such property with interest accrued to th date of
payment, to the City Treasurer, except that no
interest shall be charsed if the entire assessment
is paid within thirty (30) days from the adoption of
this Resolution; and he may, at any time thereafter,
pay to te City Treasurer the entire amount of the
assessment remainins unpaid, with interest accrued
to December 31 on the year in which such payment is
made. Such payment must be made before November 15,
ar interest will be charsed throush December 31 of
the next succeeding Year.
.
4.
The City Clerk shall forthwith transmit a certified
duplicate of this assessment to the County Auditor
to be extended on the proper tax lists of the
.
.
.
Countv, and such assessments shall be collected and
paid over in the same manner as other municipal
taxes.
Adopted by the Elk River City Council this 28th Day of October,
1985.
ATTEST:
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Thomas R. Bublitz, City Admi~~~t~~tor