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HomeMy WebLinkAboutCCRes_94-11No. R-94-11 r CITY OF FALCON HEIGHTS C O U N C I L R E S O L U T I O N Date: 3/9/94 A RESOLUTION ADOPTING THE ASSESSMENT FOR CERTAIN IMPROVEMENTS TO BE MADE AT FALCON HEIGHTS ELEMENTARY SCHOOL AT 1393 GARDEN AVENUE WHEREAS, the Roseville Independent School District #623 petitioned the City of Falcon Heights to assess the school district for certain improvements to Falcon Heights Elementary School at 1393 Garden Avenue. WHEREAS, the Roseville Independent School District #623 and the City of Falcon Heights entered into an agreement for the city to finance the improvements not to exceed $250,000 and assess the school district for these improvements. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FALCON HEIGHTS: 1. The assessment is hereby accepted and shall constitute the special assessment against the lands named in the agreement and each tract of land included is found to be benefitted by the proposed improvement in the amount of the assessment levied against it. 2. The assessment shall be payable in equal installments extending over a period of five years, the first of the installments to be payable on or before the first Monday in January, 1995, and shall bear interest at no less than 6.1% per annum from the date of the adoption of this assessment resolution. The interest shall be adjusted as agreed to by the city and the school district. The first installment shall have added all interest on the entire assessment from the date of this resolution until December 31, 1994. Each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The school district may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on the property with interest accrued to the date of payment to the city, except that no interest shall be charged if the entire assessment is paid within thirty days from the adoption of this resolution; and the school district may at anytime thereafter, pay to the city the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such a payment must be made before November 15 or the interest will be charged through December 31 of the next succeeding year r1 L.J • 4. The city administrator shall forthwith transmit a duplicate of the assessment to the county auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes. • Moved by Gehrz BALDWIN GEHRZ 5 In Favor GIBSON TALBOT HUSTAD 0 Against JACOBS i~ Approved by Cam? ~~~ ' yor March 9, 1994 Date Attested by C City Administrator March 9, 1994 Date L~