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No. 99-12
CITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
Date: April 28, 1999
RESOLUTION ADOPTING ASSESSMENT OF 1999 NE QUADRANT
STREET 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 1999 improvements of the Northeast
quadrant streets; and
WHEREAS, the properties proposed to be assessed include those
properties listed below:
Albert (Ruggles to Roselawn)
Asbury (Larpenteur to Roselawn)
Crawford (Simpson to Pascal)
Holton (Larpenteur to Roselawn)
Pascal (Larpenteur to Roselawn)
Ruggles (Snelling to Hamline)
Simpson (Larpenteur to Roselawn)
Garden Ave. (just in front of Falcon Heights Elementary School)
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
benefited 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 of the assessment.
The special assessment shall be payable in equal annual installments of
• principal extending over a period of ten (10) years except for properties with
assessments over 530,000 under which circumstances a fifteen (15) year period is
permitted if requested by the property owner. The special assessment shall bear
interest at a rate of two percent 12%) over the interest on the G.O. Bonds sold to
finance the'99 street project. 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 by October 1, 1999. 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. Ramsey County 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 administrator 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.
April, 1999.
GIBBON TALBOT
Adopted by the city council of the City of Falcon Heights this 28th day of
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Moved by: Jacobs Approved by:
Mayor
April 28, 1999
GEHRZ 5 In Favor Date
HUSTAD 0 Against Attested by:
JACOBS City Administrator
KUETTEL April 28, 1999
Date