87-058 RES
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RESOLUTION 87 - 58
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL
WHEREAS,
upon due notice property 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 Deerfield 3rd Addition 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:
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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 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 9J.)%
over a period of 15 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 year in
which 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.
Passed and adopted this 5 day of October, 1987.
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Esdi" e E. Gunk~ayor