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R-79-34 <br />RESOLUTION <br />CITY OF LAKE ELMO <br />WASHINGTON COUNTY, MINNESOTA <br />A RESOLUTION ADOPTING ASSESSMENT. <br />WHEREAS, pursuant to proper notice duly given as required <br />by law, the Council has met and heard and passed upon all <br />objections to the proposed assessment for the improvement, of <br />First Street and Immanual Avenue. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of <br />the City of Lake Elmo as follows: <br />1. Such proposed assessment, a copy of which is attached <br />hereto and made a part hereof, is hereby accepted and <br />shall constitute the special assessment against the <br />land named therein, and each tract of land therein <br />included is hereby found to be benefitted by the <br />proposed improvement in the amount of the assessment <br />levied against it. , <br />2. Such assessment shall be payable in equal installments <br />extending over a period of ten (10) years, the first <br />of the installments to be payable on or before the <br />first Monday in January, 1980 and shall bear interest <br />at the rate of eight percent (8%) per annum from the <br />date of the adoption of this assessment Resolution. <br />To the first installment shall be added interest on <br />the entire assessment from the date of this Resolution <br />until December 31, 1979. To each subsequent installment <br />when due shall be added interest for one (1) year on <br />all unpaid installments. <br />3. The owner of any property so assessed may, at any time <br />prior to certification of the assessment to the County <br />Auditor, pay the whole of the assessment on such property, <br />with interest accrued to the date of payment, to the <br />City Treasurer, except that no interest shall be charged <br />