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1 <br />1 <br />1 <br />CITY OF LINO LAKES <br />RESOLUTION NO. 28 - 90 <br />RESOLUTION ADOPTING ASSESSMENT FOR THE IMPROVEMENT OF SUNRISE <br />MEADOWS AND SURROUNDING AREAS <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 for <br />the above improvement of Sunrise Meadows and <br />Surrounding Areas <br />NOW THEREFORE, EE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />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 proposed <br />improvement in the amount of the assessment levied <br />against it. <br />2. Such assessment shall be payable in equal annual <br />installments extending over a period of fifteen years, <br />the first of the installments to be payable on or before <br />the first Monday in January, 1991 and shall bear <br />interest at the rate of nine and one quarter (9 1/4) per <br />cent per annum from the date of the adoption of this <br />assessment resolution. To the first installment shall <br />be added interest on the entire assessment from the date <br />of this resolution until December 31, 1990. To each <br />subsequent installment when due shall be added interest <br />for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any time <br />prior to certification of the assessment to the County <br />Auditor, pay the whole of the assessment on such <br />property, with interest accrued to the date of pay eat, <br />to the City Treasurer, except that no interest she 1 be <br />charged if the entire assessment is paid within th rty <br />(30) days from the adoption of this resolution; ar he <br />may at any time thereafter, pay to the City Treast. er <br />the entire amount of the assessment remaining unp: 1, <br />with_.i.nterest.. accrued to December 31, of the year <br />which such payment is made. Such payment must be de <br />before October 15, or interest will be charged th gh <br />December 31 of the next succeeding year. <br />4 The Clerk shall forthwith transmit a certified da cate <br />of this assessment to the County Auditor to be a ded <br />on the property tax lists of the County. Such <br />assessments shall be collected and paid over in same <br />manner as other municipal taxes <br />PAGE 1 <br />