87-060 RES
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RESOLUTION 87- 60
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
2l8th Avenue 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:
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 8% over a period of 3 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 suceeding year.
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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 5th day of October, 1987.
ATTEST:
12k/ j);fJi~
Patrick D. Klaers, City Administrator
~-td.1 [.~ /L Ii d
(-<1/ i'l1/ ,/ /~
Estelle E. Gunkel, Mayor
ASSESS"ENT SCHEDULE
Constant Annual PaY.lnt "ethod
-~
.Ojletl 21Bth Strllt l.provl.lnt.
areell. 117-000-121301
Interest Start natel
Repay.ent Periodl
Intlrest RAte.
Assess.entl'
a. Street I.prove.ents
b.
e.
d.
Lot I NEt of SEt of SWt of NEt
810elea .
Addition.
Ol-Jan-BB
3 yurs
8.001.
Quantity Unit Heasure
1
Louie & Mary Lou Johnson
9848 218th Ave NW
Elk River, MN 55330
Unit Price
700
A.ount
$700.00
e.
....K.==C=.#=======c=..=====.==.====c=======.=~..===.=========a:========a=====_=a=_===c==
YEAR
ANNUAL PAYMENT
Total Assess.ent
PRINCIPAL
PAYMENT
INTEREST
PAYMENT
$700.00
PRINCIPAL
RH1AINING
-----------------------------------------------------------------------------------------
.
.
1987
1988
1989
1990
$271. 62
$271. 62
$271. 62
--------------------
$215.62
$232.87
$251. 50
$56.00
$38.75
$20. 12
1814.B7 ~Total of Annual Pay.ents
01-Oet-87
1700,00
f.484.38
$251-,50
$.00
/
,/.
,/
ASSESS"ENT SCHEDULE
Constant Annual Pay..nt "ethod
~j.ctl 21Bth Street laprov..ents
~cell 117-000-121300
Loti
Bloclc.
Addition.
Interest Start Date.
Repay.ent Period.
Int;/erest Ratel
01-Jan-B8
3 yurs
8.001
N~ of NWt of SWtof NEt
Constance Augustson
9945 218th Ave NW
Elk River, MN 55330
Unit Price
700
Allount
$700.00
c.
d.
e.
==ac=_=====_=========c=========-==============c..=========c===a=========a=====_=a=c======
YEAR
Assess.ent 51
a. Street I.prove.ents
b.
Quantity Unit Heasure
1
PRINCIPAL
RHIA I N I N6
$700.00
-----------------------------------------------------------------------------------------
.
.
1987
1988
1989
1990
TotAl Assess.ent
ANNUAL PAYMENT
PRINCIPAL
PAYMENT
INTEREST
FAYME NT
$271.62
$271. 62
$271. 62
$215.62
$232.87.
$251. 50
$56.00
$38.75
$20.12
--------------------
$914.87 =Total of Annual Pay.~nts
01-0ct-97
1700.00
f.484.38
$251-.50
$.00
,
/
,/
ASSESS"ENT SCHEDULE
Constant Annual Paya.nt "ethod
.~~
....j.ctl 21Bth Street taprove.entl
~cela - 117-000-121410
Loti
Blockl
AdditiDnl
Interest Start Datel
Repay.ent Perioda
Interest Rates
Ol-Jan-BB
3 yurl
8.001
NE~ of SW~ of NE~ +WLY 100 FT
of NW~ of SE~ of NE~
Leroy & Catherine Dzuik
9813 218th Ave NW
Elk River) MN 55330
Unit Price
700
A.ount
$700.00
Assesl.entss
a. Street Iaprove.ents
b.
c.
d.
Quantity Unit "easure
1
=..~=.====z.===c=:=c:c.=====.==.=====.===.====c..=.=.=====c===a=========a=====_.a=c======
YEAR
e.
TotAl Assess.ent
ANNUAL PAYMENT
PRINCIPAL
PAYMENT
INTEREST
PAYMENT
$700.00
PRINCIPAL
RHiA I N I NG
-----------------------------------------------------------------------------------------
.
.
1987
1988
1989
1990
$271. 62
$271.62
$271. 62
$215.62
$232.87
$251. 50
$56.00
$:!.B.75
$20.12
$B14.B7 =Total of Annual Pay.eots
01-0ct-B7
$700.00
1-484.38
$251-.50
$.00
/-
./
ASSESS"ENT SCHEDULE
Canst.nt Annual Pay..nt "ethod
~jectl 21Bth Street I.prave..ntl
~cell. 117-000-121405
Lata: NW~ of SE~ of NE~ EX WLY 100FT
810cka
Addi tionl
Interest Start Datel
Repay.ent Periodl
Interest Ratel
01-Jan-89
3 yurl
8.00'1
Martin & Mary Jo Gay
9765 218th Ave NW
Elk River, MN 55330
Unit Price
700
A.ount
$700.00
e.
=..c=.==c==..===c==c=ca==================.====~.K===C=========a=========a=====_=_:c======
YEAR
Asses.aentsl
a. Street I.proveaents
b.
Quantity Unit "easure
1
PRINCIPAL
RHiA I N I NG
$700.00
-----------------------------------------------------------------------------------------
.
.
1987
1988
1989
1990
c.
d.
Totd Assess.ent
ANNUAL PAYMENT
PRINCIPAL
PAYMENT
INTEREST
FAYME NT
$271. 62
$271. 62
$271. 62
$215.62
$232.87
$251. 50
$56.00
$:!.B.75
$20.12
--------------------
$814.87 =Total of Annual Pay.ents
01-0ct-B7
$](10.00
:f.484.3B
$251-.50
$.00
/t
./