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Council Member Kuether introduced the following resolution <br />�-- and moved its adoption: <br />CITY OF LINO LAKES <br />Resolution No. 79 - 93 <br />RESOLUTION ADOPTING ASSESSMENT FOR THE IMPROVEMENT OF APOLLO <br />MEADOWS <br />WHEREAS, <br />pursuant to proper notice duly given as required by law, <br />the City Council met and heard and passed upon all <br />objections to the proposed assessment for the above <br />improvement of Apollo Meadows, <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />LINO LAKES, MINNESOTA: <br />1. Such proposed assessment, a copy of which is attached hereto <br />and made a part hereof, is hereby accepted and shall <br />constitute the special assessment against the lands named <br />therein, and each tract of land therein included is hereby <br />found to be benefitted by the proposed improvement in the <br />amount of the assessment levied against it. <br />2. Such assessment shall be payable in equal annual installments <br />extending over a period of fifteen years, the first <br />installment to be payable on or before the first Monday in <br />January, 1994 and shall bear interest at the rate of eight and <br />one half (8 1/2%) per cent per annum from the date of the <br />adoption of this assessment resolution. to the first <br />installment shall be added interest on the entire assessment <br />from the date of this resolution until December 1, 1993. To <br />each 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 prior <br />to certification of the assessment to the County Auditor, pay <br />the whole of the assessment on such property, with interest <br />accrued to the date of payment, to the City Treasurer, except <br />that no interest shall be charged if the entire assessment is <br />paid within thirty (30) days from the adoption of this <br />resolution; and he may at any time thereafter, pay to the City <br />Treasurer the entire amount of the assessment remaining <br />unpaid, with interest accrued to December 31, of the year in <br />which such payment is made. Such payment must be made before <br />November 15, or interest will be charged through December 31 <br />of the next succeeding year. <br />4. The Clerk shall forthwith transmit a certified duplicate of <br />this assessment to the County Auditor to be extended on <br />'-- the property tax lists of the County. Such assessments shall <br />