HomeMy WebLinkAbout2020-122 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 20-122
iliZESOLUTION ADOPTING SPECIAL ASSESSMENTS, WATERMARK 3RD ADDITION - PHASE 3A
WHEREAS, pursuant to the development agreement dated June 23rd, 2020, the developer waives all rights to a
hearing on conducting of local improvements which will benefit the properties within the Watermark 3rd Addition
- Phase 3A development which requested connection to City utilities,
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes:
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 proposed improvement in the amount of the
assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending over a period of fifteen years,
the first installment to be payable on or before the first Monday in January, 2021, and shall bear interest
at the rate of five percent (5%) per annum from the date of the adoption of this assessment resolution.
To the first installment shall be added interest on the entire assessment from the date of this resolution
until December 31, 2020. 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
payment, to the City, except that no interest shall be charged if the entire assessment is paid within 30
days from the adoption of this resolution; and the owner may, at any time thereafter, pay to the City the
entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in
which such payment is made. Such payment must be made before November 15 or interest will be
charged through December 31 of the next succeeding year.
4. The clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be
extended on the property tax lists of the County. Such assessments shall be collected and paid over in
the same manner as other municipal taxes.
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Adopted by the City Council of Lino Lakes, Minnesota this 26th day of October, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Ru,1...L"4.4.4. and was duly seconded by Council Member 0-k.ve , and upon vote being taken thereon,
the following voted in favor thereof:
IR(AAA.l a,K ek s. -ivQ yi t—Y De444 , `c-ty-1E"4-1
The following voted against same:
Nio
ferty, Mayor
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