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A RESOLUTION ADOPTING THE FINAL ASSESSMENT ROLL FOR
TIW 2017 STREET IMPROVEMENTS
WHEREAS, pursuant to proper notice duly given as required by law, the Council has inet and heard
and passed upon all objections to the proposed assessment for the 2017 Street improvements including
str6et i draina�e and inditi irubtovements of 55th Street North fro Derriontreville Trail North i" kniaci
Julep Way North to Keats AVenue North, Jainaca Avenue North froni 55th Street North to Jamaca
Boulevard North, and Jamaca Boulevard North from 55th Street North to jamaca Avenue North.
NOW, THEREFORE, BE IT RESOLVED,
1. Such proposed assessment, 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 included is hereby found to be benefited by the proposed improvement in the amount
of the assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending over 15 years, the first of
the installments to be payable on or before the first Monday in January, 2018, and shall bear interest
at the rate of 3,26% percent per annum from the date of the adoption of the assessment resolution.
To the first installment shall be added interest on the entire assessment from the date of this
resolution until December 31, 2017. 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 the certification of the assessment
to the county auditor, pay the whole of the assessment on such property, with the interest accrued
to the date of payment, to the City Clerk, except that no interest shall be charged if the entire
assessment is paid within 30 days from the adoption of this resolution; and he/she 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 next succeeding year.
4. The City Clerk shall forthwith transmit a certified duplicate of this assessment to the County
Auditor to be extended on the property tax lists of the county. Such assessments shall be collected
and paid over in the same manner as other municipal taxes.
ADOPTED BY THE LAKE ELMO CITY COUNCIL ON THE SEVE NTEENTH DAY OF
OCTOBER, 2017.
CITY OF LAKE ELMO
BIvlike Pearson
�y
(Seal) Mayor
S T:
�Ju plr*' Johnson
Ihn �s-o n
iitv Clerk