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R-76-24. RESOLUTION CITY OF LAKE ELMO €I' WASHINGTON COUNTY, MINNESOTA A RESOLUTION ADOPTING AN ASSESSMENT FOR SURFACE WATER CONTROL PROJECT I WHEREAS, pursuant to proper notice duly given as required by law, the City Council of the City of Lake Elmo has met and heard and passed upon all objections to the proposed assessment for the public improvement known as Surface Water Con- trol Project No. I and has amended such proposed assessment as it deems just. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lake Elmo as follows: 1. Such proposed assessment, as amended, 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 in- cluded is hereby found to be benefited by the said 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 five (5) years, the first of the installments to be payable on or before the first Monday in January, 1977, and shall bear interest at the rate of seven and a half (7 1/2) per cent 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, 1977. 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 certifica- tion 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 within thirty (30) days from the adoption of this resolution; he may thereafter pay to the County Treasurer the installment and interest in process of collection on the current tax lists, and he may pay the remaining principal balance of the assessment to the City treasurer. 4. The Clerk shall file the assessment rolls pertaining to this assessment in his office and shall certify annually to the county auditor on or before October 10 of each year the total amount of installments and interest which are to become due in the following year on the assessment on each parcel of land included in the assessment roll. Adopted by the City Council this 20th day of duly, 1976. Maynaid L. Eder, Mayor Attest: Donald Mehsikomer, Clerk