1986-039 Council Resolution - Laserfiche WebLink

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CITY OF LINO LAKES • ;'_'! <: Resolution No. 39 - 86 • • WHEREAS, pursuant to propert notice duly given as required by law, the Council has met and heard and passed upon all object- ions to the proposed assessment for the improvement of the Rice Lake Estates Area starting at North Road and Lake Drive, then south on Trunk Highway #49 into Rice Lake Estates and north on Highway #49 to 2nd Avenue, then north on 2nd Avenue to include Ulmer's Rice Lake 4th Addition, NOW THEREFORE, BE IT RESOLVED BY THE CITY COTNCIL OF LINO LAKES, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constit- ute the special assessment against the lands named therein, and each tract of land therein included in hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of ten (10) years, the first of the installments to be payable on or before the first Monday in January, 1987 and shall bear interest at the rate of nine (9) per cent annum from the date of the adoption of this assess- ment resolution. To the first installment shall be added interest on the entire assessment from the date of this res- olution until December 31, 1986. To each subsequent install- ment when due shall be added interest for one year on all up- paid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole of the 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 assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The Clerk shall forthwith transmit a certified cuplicate of this assessment to the County Auditor to be extended on the proper tax lists of the county, and such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council this 8th day of September, 1986.