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ru~uTLs <br />c~cy coun~~.t <br />Sept. 7, 1.983 <br />Imp. No. E31-3 <br />(Cont.) Mr. Hanson pointed out that the City's appr.ai.ser has recommended that <br />the property be assessed for curbi.n~ only. <br />Mrs. Nardini. poi.nted out that down the l.ine the whole piece of: <br />property coul.d deveLop as commercial or the back of the Vei.l.leux <br />property coulct be combined wi.tl~ an adjacent properCy. <br />Mr. Vei.ll.eux f:e1t i_t unl.i.lcel.y that the property would be sold and <br />Che resi.denti.al house toxn down< <br />Mr. Tahey felt it would be unwise to delete the assessment and <br />recommended that ~it be deferred until the property was split. or sold, <br />Mrs. Vardini. asked aUout the interest on the assessment. The Clerk <br />staCed Chat the Council. can defer t:he interest a1so. The clerlc also <br />pointed out ti1aC Mr. Veilleux is bei.ng assessed f.or watermai.n in <br />the Demont i.mprovement. <br />Nfr. Pahey recommended tha~ the interest accrue on the assessment:, <br />but not compounci, Mr. T'ahey pointed out thaC this is the policy <br />that the City has had on other deferred assessments. <br />'Che Attorney st:ated theit the Council. has the power to deLer the <br />i.nstal.l.ment and make any stipulation wi.th the interest. <br />Mr, Fahey also pointed out that in the past the Council has deleCed <br />deferred assessmenCS that appear to be uncollectable. <br />Mr. Fahey intr.oduced the following resolution and moved its adoptione <br />RESOLUT'ION N0, 83-9-364 - APPROVING DETPRRAL, OT' <br />T}IT VPILLEtJX ASSESSMENT FOB PARK STREET WT'CH THE <br />F.XC~~PTION OF 'LI~I~ ASSESSMPNT POR CUItIISNG IN TtIE <br />AMOUNT OP $1,317.90 WITH THE DEPERI2A1., OI' 'CI~IE <br />REMATNING PORTION OP TFIE I?~1PROVEM~NT CODIDI'CIONID <br />UPON PIO USE OP TAF. NORTIIGRLY 100 FPIiT OP 'L'HE; <br />VT:ILLEUX PROPI?RTY POR COMMP~RCIAL S?iJRPOSFS INCLUUIP39 <br />NO SPLITTING O]? '('HAT 100 PLlL'T T'OR RL'SALI? TO THP <br />PROPtiRTY 'CO TfIE ~IOR'I.'ll ADtU DPCLARING 'CFIAT TI~IP <br />DSPLRRAL~ WILL BB IN ACCOI2DANCP WITH NORMAL CZ'L'Y <br />POLICY IN TtIt1T INTERPST WII.I, CONTINUT TO ACCRUP <br />0~ THP ASSGSSM~NT, I3UT WILI, ALSO BT' llEPL;RRliD <br />The foregoing resolut:ion was dul.y seconded by ;1rs. Narcli.ni. <br />Ayes (5) Pahey, Nardi.ni., }tanson, Scal.ze, Forsberp,. <br />Nayes (0). <br />Resoluti.on declared adopted. <br />'Chis resolution appears i.n Resolut:ion I3oolc No. 9, Pages 3£34 and "3£35. <br />Paf;e -2- <br />