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RESOLUTION 93 25 A RESOLUTION OF THE CITY OF FALCON HEIGHTS RESOLUTION ADOPTING ASSESSMENT WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon all objections to the proposed assessment for the improvement of: Fulham Street from Hoyt Avenue to Folwell Avenue Vincent Street from Hoyt Avenue to Folwell Avenue Northrup Street from Hoyt Avenue to Folwell Avenue Burton Street from Hoyt Avenue to Folwell Avenue Coffman Street from Hoyt Avenue to Folwell Avenue Folwell Avenue from Fulham Street to Hoyt Avenue Autumn Street from Roselawn Avenue to Prior Avenue Prior Avenue from Roselawn Avenue to Summer Street Summer Street from Moore Avenue to Howell Avenue Hoyt Avenue from Fulham Street to Folwell Avenue. by street construction or overlay, sidewalk construction, and storm drainage improvements. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FALCON HEIGHTS, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable based on constant principal plus interest installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January, 1994, and shall bear interest at the rate of 6.5 percent annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1993. To each subsequent installment when due shall be added interest for one year on the unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or 330-028 -30 028 -0502.may