08-26-1987 Council Agenda - Laserfiche WebLink

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RESOLUTION NO. - _____ AUGUST 26, 1987 RESOLUTION APPROVING AND ADOPTING THE ASSESSMENT ROLL FOR TERMINATION OF SENIOR CITIZEN DEFERRED ASSESSMENT PARCEL NO. 07- 39 -33 -32 -0040 (53- 55000- 411 -03) IMPROVEMENT - WTR 76 -5 AUD 1579 INTEREST - 8% INSTALLMENTS - 4 YEARS AMOUNT - $1,982.67 WHEREAS, pursuant to Resolution 82 -2 -63 pertaining to deferred assessments, Section 6, Line b, states that the deferment shall be terminated if the sale, transfer or subdivision of the property or any part thereof shall occur; and WHEREAS, on 5 -27 -87 the Council approved a lot split and combination for Parcels No. 07- 29 -22 -21 -0041 and No. 07- 29 -22 -21 -0040 for Kaiserschorn Custom Homes; and WHEREAS, proper notice has been given for the termination of such deferment; therefore the senior citizen deferred assessment for Improvement 76 -5, AUD 1579 in the amount of $1,982.67, plus accrued interest, be hereby terminated as a senior citizen deferred assessment. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LITTLE CANADA, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of four years, the first of the installments to be payable on or before the first Monday in January, 1988 and shall bear interest at the rate of 9 percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1987. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. 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 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, pay to the County Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before October 10 or interest will be charged through December 31 of the next succeeding year. 4. The Clerk shall forthwith transmit a certified duplicate of this 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. Resolution adopted August 26, 1987 Ayes: Page 113 Nayes: