86-068 RES
RESOLUTION 86- 68
.
A RESOLUTION ADOPTING ASSESSMENT FOR STREET IMPROVEMENTS
ON THIRD STREET
WHEREAS, the property owner for this assessment has signed a
Waiver of Public Hearing for the street improvement on
3rd Street.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River, Minnesota that:
1. Such proposed assessment, a copy which is attached
hereto and made a part hereof is hereby accepted
and shall constitute the special assessment against
the land named therein and this tract of land
therein included is hereby found to be benefitted
by the proposed improvement in the amount of the
assessment levied against it.
.
2. Such assessment shall be payable in equal annual
installments extending over a period of three (3)
years, the first of the installments to be payable
on or before the first Monday in January, 1987 and
shall bear interest at the rate of 7% per annum
from the adoption of this assessment roll. To the
first installment shall be added interest on the
entire assessment from the date the adoption of
this resolution until December 31, 1986. To each
subsequent installment when due shall be added
interst for one year on all unpaid
installments.
4.
3. The owner of the 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 the date
of the payment to the City Treasurer, except that
no interest shall be charged if the entire
assessment is paid within 3e days from the adoption
of this resolution; and he may, at any time
thereafter, pay to the City Treasurer the entire
amount of the assessment remaining unpaid, with
interest accrued to December 31 of the year in
which such payment is made. Such payment shall be
made before November 15 or interest shall be
charged through December 31 of the succeeding year.
The Clerk shall forthwith transmit a certified
duplicate of this assessment to the County Auditor
to be extended on the proper tax lists of the
County, and such assessments shall be collected and
paid over in the same manner as other municipal
taxes.
.
.
.
.
Resolution 86- 68
Cont.
Passed and adopted by the Elk River
September, 1986.
ATTEST:
'Yl~ j) d~
Patrick D. Klaers, City Administrator
City Council this 15th day of
~~.. .;....L:.,/')
~~~/L-4 fl~c~~~~-&:
1chard H1nkle, Mayor