86-074 RES
RESOLUTION 86- 74
A RESOLUTION OF THE CITY OF ELK RIVER
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A RESOLUTION ADOPTING THE ASSESSMENT FOR BITUMINOUS
OVERLAY PROJECT FOR RIDGEWOOD EAST AND RIDGEWOOD EAST
THIRD ADDITIONS
WHEREAS, pursuant to proper notice duly given as required by
law, the council has met and heard and passed upon all
objections to the proposed assessment for the
improvement of bituminous overlay for Ridgewood East
Ridgewood East Third and abutting properties
NOW, THEREFORE, BE IT RESOLVED by the City Council 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 against the lands named therein, and
each tract of land therein included is hereby found
to be benefited by the proposed improvement in the
amount of the assessment levied against it.
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2. Such assessment shall be payable in equal annual
installments extending over a period of Seven (7)
years, the first of the installments to be payable
on or before the first Monday in January, 19aI and
shall bear interest at the rate of 9 1/4 per cent
annum from the date of the adoption of this
assessment resolution. To the first installment
shall be added interest on the entire assessment
from the date of this!Esolution until December 31,
19 86 . To each subsequent installment when due
shall be added interest for one year on 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 the date
of payment to the city treasurer, except that no
interest shall be charged if the entire assessment
is paid within 30 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 must be made before November
15 or interest will be charged through December 31
of the next succeeding year.
4. The Clerk shall forthwith transmit a certified
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.
.
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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.
Passed and adopted by the City Council of the City of Elk River,
this 6th day of October , 1986.
ATTEST:
Ji!dd l? ~~t/r
Patrick D. Klaers, City Administrator
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Richard Hin~re, Mayor