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R-75-17 <br />RESOLUTION <br />CITY OF LAKE ELMO <br />WASHINGTON COUNTY, MINNESOTA <br />RESOLUTION ADOPTING ASSESSMENTS FOR HELMO AVENUE <br />IMPROVEMENT PROJECT - 1973-1 <br />WHEREAS, pursuant to proper notice duly given as required by law, <br />the City Council of the City of Lake Elmo, has met and heard and passed <br />upon all objections to the proposed assessment for the Helmo Avenue <br />Improvement Project 1973-1 and has amended such proposed assessment as <br />it deems just; and <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Lake Elmo, Minnesota: <br />1. Such proposed assessment, as amended, a copy of which is attached <br />hereto and made a part hereof, is hereby accepted and shall constitute <br />the special assessment against the lands named therein, and each tract of <br />land therein included is hereby found to be benefited by the proposed <br />improvement in the amount of the assessment levied against it. <br />2. Such assessment shall be payable in equal annual installments <br />extending over a period of ten (10) years, the first of the installments <br />to be payable on or before the first Monday in January, 1976, and <br />shall bear interest at the rate of 8 per cent per annum from the date <br />of the adoption of this assessment resolution. To the first installment <br />shall be added interest on the entire assessment from the date of this <br />resolution until December 31, 1975. To each subsequent installment when <br />due shall be added interest for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any time, prior <br />to certification of the assessment to the county auditor, pay the whole <br />of the assessment on such property, with interest accrued to the date of <br />payment, to the city treasurer, except that no interest shall be charged <br />if the entire assessment is paid within 30 days from the adoption of <br />this resolution; and he may, at any time thereafter, pay to the county <br />treasurer the entire amount of the assessment remaining unpaid, with <br />interest accrued to December 31 of the year in which such payment is <br />made. Such payment must be made before November 15 or interest will be <br />charged through December 31 of the next succeeding year. <br />4. The clerk shall forthwith transmit a certified duplicate of this <br />assessment to the county auditor to be extended on the proper tax lists <br />of the county, and such assessments shall be collected and paid over <br />in the same manner as other municipal taxes. <br />Adopted by the Council this 3rd day of <br />June 1975 <br />D n Mehsikom r, Clerk _ Mayh1ard L. Eder, Mayor <br />