08-28-1985 Council Agenda - Laserfiche WebLink

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RESOLUTION NO. A RESOLUTION APPROVING THE ASSESSMENT FOR IMPROVEMENT NO. 83 -19 INTEREST RATE 10% PER ANNUM INSTALLMENTS 10 YEARS WHEREAS, The City Engineer has prepared and submitted to the City Council a proposed. assessment roll for Improvement No. 83 -19 AND WHEREAS, Pursuant to proper notice duly given by law, the Council has met, heard and passed upon all objections to the proposed assessment NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LITTLE CANADA Such proposed assessment as presented of which a copy is attached hereto and made a part of is hereby accepted and shall constitute the special assessment against the lands therein and each tract of land therein included is hereby found to be benefitted by the proposed assessment against it Such assessment shall be payable in equal installments extended over a period of 10 years, the first of the installments to be payable on or before the first Monday in January 1986, and shall bear interest at a rate of 10% per annum, from the date of the adoption of the assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1986. To each subsequent installment when due shall be added interest for one year on all unpaid installments. The owner of any property so assessed may at any time prior to certification of the assessment to the County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of the payment, to the City Treasurer except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he may at any time thereafter, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before, October 10 or any date as assigned by the County Treasurer, or interest will be charged through December 31 of the next succeeding year. 29