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RESOLUTION <br />A RESOLUTION ADOPTING FINAL <br />ASSESSMENTS FOR THE KEATS AVENUE PROJECT <br />WHEREAS, pursuant to proper notice duly given as required <br />by law, the City of Lake Elmo City Council has met and heard <br />and passed upon all objections to the proposed assessments.for <br />` the improvement of Keats Avenue within said City; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council, of <br />the City of Lake Elmo as follows, to -wit: <br />1. The proposed assessments, a copy of which is attached <br />hereto and made a part hereof, is hereby accepted and shall <br />constitute the special assessments against the lands named ° <br />therein and each tract of land therein included is hereby <br />found to be benefited by the proposed improvement in the <br />amount of the assessment levied against it. <br />2. Such assessments shall be payable in equal. annual. ° <br />installments extending over a period of ten years, the first <br />of the installments to be payable on or before October 1, 1983, <br />and shall bear interest at the rate of 8% per,annum from. ° <br />January 1, 1983. To the first installment shall, be added <br />( interest on the entire assessment from January l., 1983, until <br />December 31, 1983. <br />3. The owner of any property so assessed may, at any <br />time prior to the certification of the assessment to the <br />County Auditor, pay the whole of the assessment on such property, <br />with interest accrued to the date of payment, to the City <br />Treasurer, except that no interest shall be charged if the <br />entire assessment is paid before October 1, 1983; and he may, <br />at any time thereafter, pay to the City Treasurer the entire <br />amount of the assessment remaining -unpaid, with interest accrued <br />to December 31 of the year in which such payment is made. Such <br />payment must be made before October 10 or interest will be <br />charged through December 31 of the next succeeding year. <br />4. The Clerk shall forthwith transmit a certified <br />duplicate of these assessments to the County Auditor to be <br />extended on the proper tax lists of the County, and such <br />assessments shall be collected and paid over in the same manner <br />as other municipal taxes. <br />0 <br />