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2008-120 Council Resolution
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2008-120 Council Resolution
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Last modified
9/10/2014 10:53:28 AM
Creation date
9/5/2014 9:47:52 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
10/13/2008
Council Meeting Type
Regular
Resolution #
08-120
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• <br />• <br />• <br />Council Member O'Donnell introduced the following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 08-120 <br />RESOLUTION ADOPTING ASSESSMENT FOR THE OAKWOOD VIEW <br />ENABLING RESIDENCE (FRIENDSHIP PLACE) DEVELOPMENT PROJECT <br />WHEREAS, pursuant to the development agreement dated July 25, 2005, the developer <br />waives all rights to a hearing on the conducting of local improvements which will benefit <br />the properties within the Oakwood View Enabling Residence (Friendship Place) <br />Development, <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, <br />MINNESOTA: <br />1. Such proposed assessment, a copy of which is attached hereto and made a part <br />thereof, is hereby accepted and shall constitute the special assessment against the <br />lands named therein, and each tract of land therein included is hereby found to be <br />benefited by the proposed improvement in the amount of the assessment levied <br />against it. <br />2. Such assessment shall be payable in equal annual installments extending over a <br />period of ten years, the first installment to be payable on or before the first <br />Monday in January, 2009, and shall bear interest at the rate of seven percent (7 %) <br />per annum from the date of the adoption of this assessment resolution. To the <br />first installment shall be added interest on the entire assessment from the date of <br />this resolution until December 31, 2008. To each subsequent installment when <br />due shall be added interest for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any time prior to certification of <br />the assessment to the County Auditor, pay the whole of the assessment on such <br />property, with interest accrued to the date of payment, to the City Treasurer, <br />except that no interest shall be charged if the entire assessment is paid by <br />November 15, 2008; and the owner may, at any time thereafter, pay to the City <br />Treasurer the entire amount of the assessment remaining unpaid, with interest <br />accrued to December 31 of the year in which such payment is made. Such <br />payment must be made before November 15 or interest will be charged through <br />December 31 of the next succeeding year. <br />
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