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CITY OF LINO LAKES <br /> RESOLUTION NO.22-117 <br /> RESOLUTION ADOPTING INDIVIDUAL ASSESSMENTS <br /> WHEREAS,pursuant to an executed Petition and Waiver Agreement, associated property <br /> owners waive all rights to a hearing on conducting of local improvements which will benefit the <br /> following properties which requested connection to City utilities: <br /> - 617 Apollo Drive <br /> - 6134 Ware Road <br /> NOW,THEREFORE,BE IT RESOLVED by the City Council of Lino Lakes: <br /> 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is <br /> hereby accepted and shall constitute the special assessment against the lands named <br /> therein, and each tract of land therein included is hereby found to be benefited by the <br /> proposed improvement in the amount of the assessment levied against it. <br /> 2. Such assessment shall be payable in equal annual installments extending over a period of <br /> ten years, the first installment to be payable on or before the first Monday in January, <br /> 2022, and shall bear interest at the rate of five percent(5%)per annum from the date of <br /> the adoption of this assessment resolution. To the first installment shall be added interest <br /> on the entire assessment from the date of this resolution until December 31, 2022. To <br /> each subsequent installment when due shall be added interest for one year on all unpaid <br /> installments. <br /> 3. The owner of any property so assessed may, at any time prior to certification of the <br /> assessment to the County Auditor, pay the whole of the assessment on such property, <br /> with interest accrued to the date of payment, to the City, except that no interest shall be <br /> charged if the entire assessment is paid within 30 days from the adoption of this <br /> resolution; and the owner may, at any time thereafter, pay to the City the entire amount of <br /> the assessment remaining unpaid, with interest accrued to December 31 of the year in <br /> which such payment is made. Such payment must be made before November 15 or <br /> interest will be charged through December 31 of the next succeeding year. <br /> 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County <br /> Auditor to be extended on the property tax lists of the County. Such assessments shall be <br /> collected and paid over in the same manner as other municipal taxes. <br /> Adopted by the City Council of Lino Lakes,Minnesota this 1 Oth day of October, 2022. <br /> The motion for the adoption of the foregoing resolution was introduced by Councilmember <br /> Ruhland and was duly seconded by Council member Stoesz and upon vote being taken thereon, <br /> the following voted in favor thereof. Ruhland, Cavegn, Stoesz, Lyden, Rafferty <br />