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92-018 ORD . . . ORDINANCE NO. 92 - ~ CITY OF ELK RIVER AN ORDINANCE RELATING TO THE PARTIAL PREPAYMENT OF SPECIAL ASSESSMENTS The City Council of the City of Elk River does hereby ordain as follows: Section 1. The Code of Ordinances for the City of Elk River shall be amended by the addition of the following Section 1404.02: Section 1404.02 - Partial Prepayment of Special Assessments. Partial prepayments of special assessments adopted by the City Council are hereby authorized, pursuant to Minnesota Statutes Section 429.061, Subd. 3, subject to the following: 1. Partial prepayments of special assessments must be made prior to certification of the special assessment to the County Auditor. 2. Partial prepayments must be made in increments of not less than $100. 3 . No interest will be charged on any portion of the special assessment prepaid within thirty (30) days after adoption of the special assessment. 4. The amount of the special assessment certified to the County Auditor shall be reduced by the amount of any partial prepayments, and the remaining unpaid balance of the special assessment shall be spread at the same rate of interest and for the same term of years as the original assessment. Section 2. This ordinance shall be effective upon adoption and publication, according to law. Passed and adopted by the City Council of the City of Elk River, this 15th day of June, 1992. James A. Mayor Attest: R F r, E I V E 0 OCT 2 8 1992 Affidavit of Publication . . QRDINANCE.NQ. -'18 . CI'I:'Y 0' BlVBIt .. ,.~..~ImJNAN.;.~...... . 1'INn 1'0..... TBlfr.juu~OF .... ..S~~IAL.4SSli1 . ... .. ~~'.Qity. CQUncil. . of the C.ltI. .."0(. E...lk Rivef'does hereby ordaina$rom>Ws~. ~tiolll.The Codeof~$ftClllJfor ~he CityofElk River shall be.~Jlded by the addition of the folloWing~iDn 141}4.0~: ~tiOD 1404.os.-.fJ~PrePaY. meD~ofSpecilll~~k. Partial J>reP4yments Qfspecialassess- .menta ~lID~:hY the City:Col,lDeil.are hereby autho~~t to llinne-. sota ~tes ~01l429..q61,.Sl1bd.3, subm to the fe>Do\'ri:ng:J ... ..... 1. Partial prepaymenta.ot' special as- ~nta ImlStbe made prior ~ eerti- fice.tiQ1\of~especiQl aS8.~entto the County Auditor. . . . 2. P~ial }>l'epayments ~lJtbemade in in~nt$ofnot leS8~ $100. 3. No interest .willbe cbarge<lonany pc>rt..Wn oHbe special~sment pre- paid ~in tbirty{3f)) cIa~af\er adop- tion of the special ~t. 4. The amount of the ~peci.uassess- ment~ified to tbe~llty Auciitor ,shallbe1'eliuced by. the -.nountof any parliN ~repayment8,and '~remain- ,. .mg~<lbalanceof~especialassess- m~allbe8pread at~be same.rateof in "", dfQrthesame~of:years as .~I1t. . This ordinance shaD..be n ~dopti<>nandpublicatiDn, law.'.,. .... .... .. ~.d.()().pte d~ythe... 1.Cit)'. 'C.oun- . f~River.tlijs~hdaY of . " . .' ' , . '.....< . JamesA.~1e,M:ayor =r~~~OJ~k .', . STATE OF MINNESOTA ) )ss. COUNTY OF SHERBURNE) fJun ~~ ' being duly sworn, on oath says that he/she is the publisher or authorized agent and employee of the publisher of the newspa- per known as The Elk River Star News, and has full knowledge ofthe facts which are stated below: (A) The newspaper has complied with all the requirements constituting qualification as a qualified newspaper, as provided by Minnesota Statute 331A.02, 331A.07, and other applicable laws, as amended. . (B)Theprinted O.~ q~-(g which is attached was cut from the columns of said newspaper, and was printed and published once each week, for I ilc- cessiveweeks; it was first published on Wednesday, the ~/ day of (J (~ . 19~, and was thereafter printed and published on every Wednesday to and including Wednesday, the _ day of ,19_; and printed below is a copy of the lower case alphabet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice. ;;:z:;~dE=VWXY' TITLE: ~) Subscribed and sworn to before me on this ~,,;;z NP O~ ,199~. 'YV7. ~~~ NO~ day of RATE IN (1) Lowest classified rate pai commercial users for comparable space (2) Maximum rate allowed by law for the above matter (3) Rate actually charged for the above matter $ 5~,5D $ 33,~' $ 3'3.g1