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WASHINGTON COUNTY <br />CITY OF LAKE ELMO <br />ADOPTINGRESOLUTION NO. 2018-118 <br />A RESOLUTION <br />WHEREAS, pursuant to proper notice duly given as required by law, die Council has met and heard <br />THE 2018 STREET IMPROVEMENTS <br />Boulevard North to 9480 531d Street North. <br />i <br />l . Such proposed assessment, a copy of which is attached hereto and. (Wade a part hereof, is hereby <br />accepted and shall constitute the special assessment against the lands named therein, and each tract <br />of land therein included is hereby found to be benefited by the proposed improvement in the amount; <br />of the assessment levied against it: <br />1 Such assessment shall be payable in equal annual installments extending over 15 years, the first o <br />the installments to be payable on or before the first Monday in January 2019, and shall bear interest <br />at the rate of 44. 0%o percent per=annum from the date of the adoption of the assessment resolution. <br />To the first installment shall be added interest on the entire assessment from the elate of this <br />resolution until December 31, 2018. To each; subsequent installment, when due, shall be added <br />interest for one year on all unpaid installments. <br />33. The owner of any property so assessed may, at any time prior to the certification of the assessment <br />to the county auditor, pay the whole of the assessment on such property, with the interest accrued <br />to the date of payment, to the City Clerk, except that no interest shall be changed if the entire <br />assessment is paid within 30 days from the adoption of this resolution, and he/she may, at any time <br />thereafter, pay to the City Clerk the entire amount of the assessment remaining unpaid, with interest <br />accrued to December 31 of the year in which such payment is made. Such payment must be made <br />before November 15 or interest will be charged through December 31 of the next succeeding year: <br />4; The City 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 collected <br />and paid over in the same manner as other municipal taxes. <br />ADOPTED BY THE LAKE E IMO CITY COUNCIL ON THE SIXTEENTH DAB' OF OCTOBER, <br />2018. <br />(Seal) <br />ATTEST: <br />V�ivy lerk <br />... <br />By. <br />Mike Pearson <br />Mayor <br />