06-22-2015 Council Packet - Laserfiche WebLink

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2. Such fee assessment shall be payable in annual installments extending over a period of nine years, the first of the installments to be payable on or before the first Monday in January, 2016 and shall bear installment at the rate of 5.75 percent per annum from the date of the adoption of this fee assessment resolution. 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 fee assessment to the County Auditor, pay the whole of the fee 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 fee assessment is paid within 30 days from the adoption of this resolution. 4, The City Administrator shall forthwith transmit a certified duplicate of this fee assessment to the County Auditor to be extended on the property tax lists of the County. Such fee assessments shall be collected and paid over in the same manner as other municipal taxes. The motion for the adoption of the foregoing resolution was seconded by Council Member and upon vote taken thereon, the following voted in favor thereof: Keis, Fischer, McGraw, Montour, and Torkelson. and the following voted against the same: None. Whereupon said resolution was declared and duly passed and adopted.