07-041 RES
.
.
.
RESOLUTION 07-.1U
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL IN THE MATTER OF
THE IRVING AVENUE AREA STREET REHABILITATION IMPROVEMENT OF 2007
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 Irving Avenue
Area Street Rehabilitation 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 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 5.75% over a
period of ten 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.
2.
3.
4.
p:,ed wd adopted tIlli; 2>>d day of April, 200~ ~to~ lrtw. ' (J _ ~
ATTEST~!t2(? ~~:r:Klmzin&MaYOt
Tina Allard, City Clerk
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