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No. R -94 -11 <br /> CITY OF FALCON HEIGHTS <br /> C O U N'C I L R E S O L U T I O N <br /> Date: 3/9/94 <br /> A RESOLUTION ADOPTING THE ASSESSMENT FOR CERTAIN IMPROVEMENTS <br /> TO BE MADE AT FALCON HEIGHTS ELEMENTARY SCHOOL AT 1393 GARDEN AVENUE <br /> WHEREAS, the Roseville Independent School District #623 petitioned the City <br /> of Falcon Heights to assess the school district for certain improvements to <br /> Falcon Heights Elementary School at 1393 Garden Avenue. <br /> WHEREAS, the Roseville Independent School District #623 and the City of <br /> Falcon Heights entered into an agreement for the city to finance the <br /> improvements not to exceed $250,000 and assess the school district for these <br /> improvements. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FALCON <br /> HEIGHTS: <br /> 1. The assessment is hereby accepted and shall constitute the special <br /> assessment against the lands named in the agreement and each tract of <br /> land included is found to be benefitted by the proposed improvement in <br /> the amount of the assessment levied against it. <br /> 2. The assessment shall be payable in equal installments extending over <br /> a period of five years, the first of the installments to be payable on or <br /> before the first Monday in January, 1995, and shall bear interest at no <br /> less than 6.1% per annum from the date of the adoption of this assessment <br /> resolution. The interest shall be adjusted as agreed to by the city and <br /> the school district. The first installment shall have added all interest <br /> on the entire assessment from the date of this resolution until December <br /> 31, 1994. Each subsequent installment when due shall be added interest <br /> for one year on all unpaid installments. <br /> 3. The school district may, at any time prior to certification of the <br /> assessment to the county auditor, pay the whole of the assessment on <br /> the property with interest accrued to the date of payment to the city, <br /> except that no interest shall be charged if the entire assessment is <br /> paid within thirty days from the adoption of this resolution; and the <br /> school district may at anytime thereafter, pay to the city the entire <br /> amount of the assessment remaining unpaid, with interest accrued to <br /> December 31 of the year in which such payment is made. Such a payment <br /> must be made before November 15 or the interest will be charged through <br /> December 31 of the next succeeding year <br />