98-044 RESRESOLUTION 98 - 66
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL
WHEREAS,
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 Business Center Drive Street and Utility 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:
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 benefited by the improvement in an amount not less than the
amount of the assessment levied against it.
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 6.5% over a period of 10 years.
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.
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 4 day of May, 1998.
Sandra A. Thackeray,
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/He'~)A. Dui~sma-n, ivl~yor
BUSINESS CENTER DRIVE IMPROVEMENTS
FEASIBILITY
ASSESSMENT ROLL
GAGNE PROPERTY
$328,819.00
$329,444.37*
SHERBURNE COUNTY
$186,750.00 $169,494.96
INCLUDES APPROXIMATELY $50,000 FOR LAND ACQUISITION NOT INCLUDED IN
THE FEASIBILITY STUDY.