Resolution 2011-035 - Laserfiche WebLink

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3. Assessments shall be payable in equal annual installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January, 2011, and shall bear interest at the rate of 5 percent per annum from the date of the adoption of the assessment resolution. 4. A public hearing shall be held on the 4 "' day of October, 2011, in the council chambers of the city hall at T' 00 pm to pass upon such proposed assessment and at such time and place all persons owning property affected by such improvement will be given an opportunity to be heard with reference to such assessment. 5. The City Clerk is hereby directed to cause a notice of the hearing on the proposed assessment to be published once in the official newspaper at least two weeks prior to the hearing, and she shall state in the notice the total cost of the improvement. She shall also cause mailed notice to be given to the owner of each parcel described in the assessment roll not less than two weeks prior to the hearings. 6. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the entire assessment on such property, with interest accrued to the date of payment; to the City Clerk. No interest shall be charged if the entire assessment is paid within 30 days from the adoption of'the assessment. A property owner may at any time thereafter, pay to the City Clerk 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 succeeding year. Date: S4 2011 CITY d LA LM' w" ,J Dean A. Johnston Mayor ATTEST: Bruce A. Messelt City Administrator Resolution No. 2011 -035 2