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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO.2024-103 <br />A RESOLUTION ADOPTING THE FINAL ASSESSMENT ROLL FOR <br />THE 15TH STREET NORTH IMPROVEMENTS <br />WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and <br />heard and passed upon all objections to the proposed assessment for the 15" Street North Improvements <br />including street improvements. <br />NOW, THEREFORE, BE IT RESOLVED, <br />1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby <br />accepted and shall constitute the special assessment against the lands named therein, and each tract <br />of land therein included is hereby found to be benefited by the proposed improvement in the amount <br />of the assessment levied against it. <br />2. Such assessment shall be payable in equal annual installments extending over 15 years for street <br />and drainage improvements, the first of the installments to be payable on or before the first Monday <br />in January, 2025 and shall bear interest at the rate of 5.5 percent per annum from the adoption date <br />of this assessment resolution. To the first installment shall be added interest on the entire <br />assessment from the date of this resolution until December 31, 2024. To each subsequent <br />installment, when 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 to the certification of the assessment <br />to the county auditor, pay the whole of the assessment on such property, with the interest accrued <br />to the date of payment, to the City Clerk, except that no interest shall be charged if the entire <br />assessment is paid within 30 days from the adoption of this resolution; and he/she may, at any time <br />thereafter, pay to the City Clerk the entire amount of the assessment remaining unpaid, with interest <br />accrued to December 31 of the year in which such payment is made. Such payment must be made <br />before November 15 or interest will be charged through December 31 of the next succeeding year. <br />4. The City Clerk shall forthwith transmit a certified duplicate of this assessment to the County <br />Auditor to be extended on the property tax lists of the county. Such assessments shall be collected <br />and paid over in the same manner as other municipal taxes. <br />ADOPTED BY THE LAKE ELMO CITY COUNCIL ON THE FIRST DAY OF OCTOBER, 2024. <br />CITY OF LAKE ELMO <br />By: <br />Charles Cadenhead / <br />(Seal) Mayor <br />ATTEST: <br />Juli Jo so <br />Cle <br />