HomeMy WebLinkAbout1987-051 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 51 - 87
RESOLUTION ADOPTING ASSESSMENT FOR 4TH AVENUE IMPROVEMENT
PROJECT.
WHEREAS, pursuant to proper notice duly given as required
by law, the Council has met and heard and passed
upon all objections to the proposed assessment
for the improvement of 4th Avenue between Main
Street on the north and Lilac Street on the south
and the maintenance of Ditch #22.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF LINO LAKES, MINNESOTA:
1. Such proposed assessment, a copy of which is attached
hereto and made a part hereof, 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 pro-
posed 'improvement in the amount of the assessment
levied against it.
2. Such assessment shall be payable in equal annual in-
stallments extending over a period of fifteen years,
the first of the installments to be payable on or
before the first Monday in January, 1988 and shall
bear interest at the rate of nine (9) per cent per
annum from the date of the adoption of this assess-
ment resolution. To the first installment shall
be added interest on the entire . assessment from the
date of this resolution until December 31, 1987. 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 with-
in thirty (30) days from the adoption of this resolut-
ion; and he 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 pay-
ment must be made before October 15, or interest will
be charged through December 31 of the next succeeding
year.
4. The Clerk shall forthwith transmit a certified dupli-
cate 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 this _ _day of September, 1987.
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Benjami
1/ L
lyn . Anderson, Clerk- Treasurer
. enson, Mayor