09/12/1988 Council Minutes (2) - Laserfiche WebLink

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226 COUNCIL MEETING SEPTEMBER 12, 1988 Mr. Bohjanen moved to close the public hearing at 8:15 P.M. Mr. Bisel seconded the motion. Motion carried unanimously. Mr. Bohjanen moved to approve Resolution No. 71 - 88 approving the assessment for D. Erickson's 2nd Addition, Phase I. Mr. Reinert seconded the motion. Motion carried unanimously. CITY OF LINO LAKES RESOLUTION NO. 71 - 88 RESOLUTION ADOPTING ASSESSMENT FOR THE IMPROVEMENT OF D. ERICKSON'S 2ND ADDITION, PHASE I 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 improvement of D. Erickson's 2nd Addition, Phase I. 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 thereof, 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, 1989 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, 1988. 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 PAGE 263