97-113 RESRESOLUTION 97-113
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL
FOR CHERRYWOOD HILLS TRUNK WATER AND SEWER
WI-IEREAS, upon due notice properly 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 1997 Cherrywood Hills Trunk Water and
Sewer 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:
Final assessment roll, a copy of which is attached hereto and
incorporated herein by this reference, is hereby accepted and adopted
and shah constitute the special assessment against the lands therein
named. Each such tract of land in the assessment roll is hereby found
to be benefited by the improvement in an amount not less than the
amount of the assessment levied against it.
Such assessment shah 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 as 7.0% over
a period of three years.
o
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/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
next succeeding year.
°
The City Administrator shall transmit to the County Auditor a
certified duphcate of the attached assessment roll to be extended on
the property tax hsts of the County. Such assessment shall be
collected and paid over in the same manner as other municipal taxes.
Passed and adopted this 27th day of October, 1,997.
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ATTEST:
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Sandra A. Thackeray, City Clerk f
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