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HomeMy WebLinkAboutCCRes_97-31• CITY OF FALCON HEIGHTS COUNCIL RESOLUTION No. 97-31 Date: July 23, 1997 ------------------------------------------ RESOLUTION ADOPTING ASSESSMENT OF 1997 LARPENTEUR AVENUE CONSTRUCTION PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the city council of the City of Falcon Heights has met and heard and passed upon all objections to the proposed assessment for the 1997 improvements of Larpenteur Avenue; and WHEREAS, the properties proposed to be assessed include the following property parcels abutting Larpenteur Avenue between Fulham Street and Cleveland Avenue: 17-29-23-44-0006 17-29-23-44-0007 20-29-23-1 1-0219 • 20-29-23-1 1-0254 20-29-23-1 1-0269 20-29-23-11-0145 through 20-29-23-11-0177 20-29-23-1 1-0180 through 20-29-23-1 1-0217 20-29-23-11-0221 through 20-29-23-11-0238 NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FALCON HEIGHTS, MINNESOTA: The city finds that each parcel of land named in the assessment is benefitted by the proposed improvements in the amount of the assessment the city proposes to levy against it in the assessment. The city accepts the assessment and levies a special assessment against each parcel of land named in the assessment in the amount in the assessment. The special assessment shall be payable in equal annual installments of principal extending over a period of ten (10) years. The special assessment shall bear interest at a rate of seven percent (7%) per annum from the date of this resolution. The first installment of principal shall be due and payable on or before the first Monday in the first January following the date of this resolution, together with interest which has accrued through December 31 of the preceding year. :7 • Each owner of property that is subject to this special assessment may, at any time before certification of the assessment to the county auditor, pay to the city the principal amount plus accrued interest then owing, provided the city shalt not charge interest if the entire assessment is paid within thirty (30) days of the date of this resolution. At any time on or before November 15 of each year in which the assessment is outstanding, a property owner may prepay the assessment by paying to the city an amount equal to the principal then outstanding, plus interest through December 31 of the year in which the property owner prepays. Any prepayment made after November 15 must include interest through December 31 of the following year. The city directs the city clerk to transmit a certified copy of this resolution to the county auditor for Ramsey County, with instructions to extend the assessment on the appropriate tax lists of the county, and collect and pay over to the city the assessment in the same manner as other municipal taxes. Adopted by the city council of the City of Falcon Heights this 23rd day of July, 1997. Moved by: Kuettel GEHRZ 3 In Favor GIBBON TALBOT (absent) HUSTAD (absent) 0 Against JACOBS KUETTEL ---------------------------- Approved by: ~ . Mayor Julv 23, 1997 Date Attested by: ~~? ~~ City Clerk Julv 23, 1997 Date