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• resolution. The first installment of principal shall be due and payable on or before <br />the first Monday in the first January following the date of this resolution, together <br />with interest which has accrued through December 31 of the preceding year. <br />Each owner of property that is subject to this special assessment may, <br />at any time before certification of the assessment to the county auditor, pay to the <br />city the principal amount plus accrued interest then owing, providing the city shall <br />not charge interest if the entire assessment is paid within thirty (30) days of the <br />date of this resolution. At any time on or before November 15 of each year in <br />which the assessment is outstanding, a property owner may prepay the assessment <br />by paying to the city an amount equal to the principal then outstanding, plus <br />interest through December 31 of the year in which the property owner prepays. <br />Any prepayment made after November 15 must include interest through December <br />31 of the following year. <br />The city directs the city clerk to transmit a certified copy of this <br />resolution to the county auditor for Ramsey County, with instructions to extend the <br />assessment on the appropriate tax lists of the county, and collect and pay over to <br />the city the assessment in the same manner as other municipal taxes. <br />Adopted by the city council of the City of Falcon Heights this 25th day <br />• of March, 1998. <br />Moved by: Gibson Talbot Approved by:,~ .~, /~ <br /> Mayor <br /> March 25, 1998 <br />GEHRZ (absent) 3 In Favor Date <br /> <br />GIBBON TALBOT g <br />HUSTAD 0 A ainst ''~ <br />y_ ~CIU~/1~~~~~~ <br />Attested b ~ <br />JACOBS City Clerk <br />KUETTEL (absent) March 25, 1998 <br /> Date <br /> <br />