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No. 98-15
CITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
Date: June 24, 1998
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RESOLUTION ADOPTING ASSESSMENT OF 1998 HOYT AVENUE IMPROVEMENT
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 assessments for the 1998 improvements of Hoyt Avenue; and
WHEREAS, the properties proposed to be assessed include those properties abutting
Hoyt Avenue between Fulham Street and Cleveland Avenue.
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 proposed 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 (101 years. The special assessment shall bear interest at a rate
of seven percent 17%) 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.
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, providing the city shall 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.
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• 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 24th day of June, 1998.
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Moved by: Jacobs Approved bys~~~~:UA~Mn ~ ~'~~~"~`2
Mayor
June 24, 1998
GEHRZ 5 In Favor Date
GIBBON TALBOT ~ ~ /I'~~~1
HUSTAD 0 Against Attested by: ~!
JACOBS City Clerk
KUETTEL June 24. 1998
Date
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