1987-054 Council Resolution - Laserfiche WebLink

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CITY OF LINO LAKES RESOLUTION NO. 54 - 87 RESOLUTION ADOPTING ASSESSMENT FOR INSTALLATION OF MUNICIPAL WATER AND SANITARY SEWER FOR CERTAIN RESIDENTS OF ASH STREET. WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon all objections to the proposed assessment for the installation of sanitary sewer and munic- ipal water to 155 Ash Street, 165 Ash Street, 175 Ash Street, 185 Ash Street, 205 Ash Street, 215 Ash Street, 225 Ash Street, 245 Ash Street and 255 Ash Street. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 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 constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the pro- posed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual in- stallments extending over a period of fifteen years, the first of the installments to be payable on or before the first Monday in January, 1988 and shall bear interest at the rate of nine (9) per cent per 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 resolution until December 31, 1987. 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 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 with- in thirty (30) days from the adoption of this resolut- ion; 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 pay- ment must be made before October 15, or interest will be charged through December 31 of the next succeeding year.