HomeMy WebLinkAbout2006-165 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 06 -165
RESOLUTION ADOPTING ASSESSMENT FOR THE CAVEGN ESTATES
DEVELOPMENT PROJECT
WHEREAS, pursuant to the development agreement dated February 27, 2006, the
developer waives all rights to a hearing on the conducting of local improvements which
will benefit the properties within the Cavegn Estates Development,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES,
MINNESOTA:
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, 2007, and shall bear interest at the rate of seven percent
(7 %) 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, 2006. 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 Treasurer,
except that no interest shall be charged if the entire assessment is paid by
November 23, 2006; and the owner may, at any time thereafter, pay to the City
Treasurer 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.
Adopted by the Council of the City of Lino Lakes this 23`d day of October, 2006.
Bartell, City
Jerk
J rc son, Mayor
oh . Be
FINAL ASSESSMEN1LL • 10/23/
CAVEGN ESTATES
LINO LAKES, MINNESOTA
SANITARY SANITARY SURFACE SANITARY WATERMAIN `
SEWER WATERMAIN SEWER WATERMAIN WATER FRONT FRONT TOTAL
PIN ADDRESS UNIT AREA AREA UNIT UNIT MGMT FOOTAGE FOOTAGE ASSESSMENT
08- 31 -22 -24 -0042
592 Lois Lane (Lot 2, Block 1) 1 $ 630.00 $ 673.00 $ 1,095.00 $ 1,765.00 $ 1,004.00 $ 7,961.00 $ 7,961.00 $ 21,090.00
TOTAL 1 $ 630.00 $ 673.00 $ 1,095.00 $ 1,765.00 $ 1,004.00 $ 7,961.00 $ 7,961.00 $ 21,090.00