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CITY OF LINO LAKES <br />RESOLUTION NO. 77 - 88 <br />RESOLUTION ADOPTING ASSESSMENT FOR THE INSTALLATION OF <br />MUNICIPAL WATER AT 461 BIRCH STREET, LINO LAKES, MINNESOTA <br />WHEREAS, pursuant to proper notice duly given as required <br />by law, the Council has met and heard and passed <br />upon all objections to the proposed assessment <br />for the installation of municipal water at 461 <br />Birch Street, Lino Lakes, Minnesota, <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LINO LAKES, MINNESOTA: <br />1. Such proposed assessment, a copy of which is attached <br />hereto and made a part hereof, is hereby accepted and <br />shall constitute the special assessment against the <br />lands named therein, and each tract of land therein <br />included is hereby found to be benefited by the pro- <br />posed improvement in the amount of the assessment <br />levied against it. <br />2. Such assessment shall be payable in equal annual in- <br />stallments extending over a period of fifteen years, <br />the first of the installments to be payable on or <br />before the first Monday in January, 1989 and shall <br />bear interest at the rate of nine (9) per cent per <br />annum from the date of the adoption of this assess- <br />ment resolution. To the first installment shall <br />be added interest on the entire assessment from the <br />date of this resolution until December 31, 1988. To <br />each subsequent installment when due shall be added <br />interest for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any <br />time prior to certification of the assessment to <br />the County Auditor, pay the whole of the assessment <br />on such property, with interest accrued to the date of <br />payment, to the City Treasurer, except that no interest <br />shall be charged if the entire assessment is paid with- <br />in thirty (30) days from the adoption of this resolut- <br />ion; and he may, at any time thereafter, pay to the <br />City Treasurer the entire amount of the assessment <br />remaining unpaid, with interest accrued to December 31, <br />of the year in which such payment is made. Such pay- <br />ment must be made before October 15, or interest will <br />be charged through December 31 of the next succeeding <br />year. <br />4. The Clerk shall forthwith transmit a certified dupli- <br />cate of this assessment to the County Auditor to be <br />extended on the property tax lists of the County. Such <br />