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02-12-1992 Council Agenda
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02-12-1992 Council Agenda
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RESOLUTION ADOPTING RE- ASSESSMENT <br />IMPROVEMENT NO. 90 -21A <br />DESOTO STREET ASSESSMENT <br />WHEREAS, <br />Pursuant to proper notice duly given as required by law, the Council <br />has met and heard and passed upon all objections to the proposed <br />assessment for the improvement of Desoto Street as the following <br />parcels: <br />Parcel No. 05- 29 -22 -24 -0037 <br />Parcel No. 05- 29 -22 -24 -0054 <br />by watermain, sanitary sewer, storm drainage, curb and gutter, and <br />bituminous street. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LITTLE CANADA, <br />MINNESOTA: <br />1. Such proposed re- assessment, a copy of which is attached hereto <br />and made a part hereof, is hereby accepted and shall constitute the <br />special assessment against the lands named therein, and each tract of <br />land therein included is hereby found to be benefited by the proposed <br />improvement in the amount of the assessment levied against it. <br />2. Such assessment shall be payable in equal annual installments <br />extending over a period of nine years, the first of the installments <br />to be payable on or before the first Monday in January, 1993 and <br />shall bear an interest rate of 7.25 percent per annum from October <br />29, 1992, which was the date of original assessment adoption. To the <br />first installment shall be added interest on the entire assessment <br />from October 29, 1992 December 31, 1993. To each subsequent <br />installment when due shall be added interest for one year on all <br />unpaid installments. <br />3. The owner of any property so assessed may, at any time prior to <br />certification of the assessment to the County Auditor, pay the whole <br />of the assessment on such property, with interest accrued to the date <br />of payment, to the City Treasurer, except that no interest shall be <br />charged if the entire assessment is paid within 30 days from the <br />adoption of this resolution; and he may, at any time thereafter, pay <br />to the City Treasurer the entire amount of the assessment remaining <br />unpaid, with interest accrued to December 31 of the year in which <br />such payment is made. Such payment must be made before November 15 <br />or interest will be charged through December 31 of the next <br />succeeding year. <br />Page 5 <br />
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