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2007-175 Council Resolution
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2007-175 Council Resolution
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Last modified
10/20/2014 4:03:51 PM
Creation date
10/20/2014 3:23:40 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
10/22/2007
Council Meeting Type
Regular
Resolution #
07-175
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Council Member Stoltz introduced the following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 07-175 <br />RESOLUTION ADOPTING ASSESSMENT FOR THE JUNES ADDITION <br />DEVELOPMENT PROJECT <br />WHEREAS, pursuant to the development agreement dated November 13, 2006, the <br />developer waives all rights to a hearing on the conducting of local improvements which <br />will benefit the properties within the Junes Addition 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, 2008, 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, 2007. 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, 2007; 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 30 or interest will be charged through <br />December 31 of the next succeeding year. <br />• <br />
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