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CITY OF LINO LAKES <br />RESOLUTION NO. 14-142 <br />RESOLUTION ADOPTING SPECIAL ASSESSMENTS, INDIVIDUAL UTILITY <br />CONNECTIONS <br />WHEREAS, pursuant to a signed performance agreement or waiver received by individual <br />property owners to waive all rights to a hearing on the conduction of a local <br />improvement which will benefit the Individual Properties Which Requested <br />Connection to City Utilities, <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota: <br />1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is <br />hereby accepted and shall constitute the special assessment against the lands named <br />therein, and each tract of land therein included is hereby found to be benefited by the <br />proposed improvement in the amount of the assessment levied against it. <br />2. Such assessment shall be payable in equal annual installments extending over a period of <br />fifteen years for 6498 12th Avenue South, the first installment to be payable on or before <br />the first Monday in January, 2015, and shall bear interest at the rate of seven percent <br />(7%) per annum from the date of the adoption of this assessment resolution. To the first <br />installment shall be added interest on the entire assessment from the date of this <br />resolution until December 31, 2014. To each subsequent installment when due shall be <br />added interest for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any time prior to certification of the <br />assessment to the County Auditor, pay the whole of the assessment on such property, <br />with interest accrued to the date of payment, to the City Treasurer, except that no interest <br />shall be charged if the entire assessment is paid by November 15, 2014; and the owner <br />may, at any time thereafter, pay to the City Treasurer the entire amount of the assessment <br />remaining unpaid, with interest accrued to December 31 of the year in which such <br />payment is made. Such payment must be made before November 15 or interest will be <br />charged through December 31 of the next succeeding year. <br />4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County <br />Auditor to be extended on the property tax lists of the County. Such assessments shall be <br />collected and paid over in the same manner as other municipal taxes. <br />Adopted by the Council of the City of Lino Lakes this 24th day of November, 2014. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Kusterman and was duly seconded by Council Member Roeser and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Kusterman, Roeser, Rafferty, Stoesz, Reinert <br />The following voted against same: <br />none <br />