01-11-1984 Council Agenda - Laserfiche WebLink

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as may be required by law to make the assessments a valid and binding lien upon such property. Said assessments have not heretofore been authorized, and accordingly, for purposes of Minnesota Statutes, Section 475.55, Subdivision 3, said special assessments are hereby authorized. Subject to such adjustments as are required by conditions in existence at the time the assessments are levied, said assessments are hereby authorized and it is hereby determined that the assessments shall be payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the declining balance of all such assessments at a rate per annum not greater than the maximum permitted by law and not less than 10% per annum: Improvement Designation Amount Levy Years 81 -105 $177,701 1983 -1992 81 -106 81,465 1983 -1992 81 -107 4,273 1983 -1992 81 -108 56,858 1983 -1992 81 -109 115,105 1983 -1992 81 -110 32,569 1983 -1992 81 -111 27,927 1983 -1992 81 -115 76,700 1984 -1993 82 -4 10,970 1983 -1992 82 -5 31,805 1983 -1992 82 -6 46,707 1983 -1992 82 -7 32,781 1983 -1992 83 -1 94,154 1983 -1992 83 -4 134,616 1983 -1992 83 -8 58,323 1983 -1992 83 -9 38,378 1983 -1992 At the time the assessments are in fact levied the City Council shall, based on the then current estimated col- lections of the assessments, make any adjustments in any ad valorem taxes required to be levied in order to assure that the City continues to be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1." 4. Paragraph 12 of the Original Resolution is hereby amended and the following paragraph shall be substituted in lieu thereof: "12. To provide moneys for payment of the principal and interest on the bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of, other general property taxes in the City for the years and in the amounts as follows: