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

Home Search

228 COUNCIL MEETING SEPTEMBER 12, 1988 placed on the remaining twenty lots in the 1st Addition. Mr. Hawkins said a problem with this request could occur if any of the twenty lots become tax delinquent. The City could lose some assessments. Mr. Hawkins suggested amending the Letter of Credit to assure the additional assessment is paid on the twenty remaining lots. He also noted another assessment roll must be prepared. Mr. Stahlberg said he would revise the assessment roll reducing the assessment on the eighteen lots that have already been sold and spreading the balance over the twenty remaining lots in the 1st Addition. Mr. Reinert moved to close the public hearing at 8:30 P.M. Mr. Bohjanen seconded the motion. Motion carried unanimously. Mr. Bisel moved to approve Resolution No. 72 - 88 and in addition $15,933.87 be included in the 1st Addition and the Letter of Credit be modified to reflect the $15,933.87. Mr. Bohjanen seconded the motion. Motion carried unanimously. CITY OF LINO LAKES RESOLUTION NO. 72 - 88 RESOLUTION ADOPTING ASSESSMENT FOR THE IMPROVEMENT OF RESHANAU LAKE ESTATES SOUTH, 1ST ADDITION 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 Reshanau Lake Estates South, 1st Addition. 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, PAGE 265