Agenda Packets - 1995/09/05 - Laserfiche WebLink

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MO522-C Page 202 . 16 Subd. 4 . Scheduling of Appeal Date: The appeal shall be placed upon the calendar of the next general term commencing more than five (5) days after the date of serving the notice and shall be tried as other appeals in such cases. Subd. 5 . Decision of Court: The Court shall either affirm the assessment or set it aside and order a re-assessment as provided in Section 202 . 16 of this Chapter. Subd. 6 . Court Costs: If appellant does not prevail upon the appeal, the costs incurred shall be taxed by the Court and judgment entered therefor. (1988 Code §26 . 12) 202 . 12: PAYMENT OF ASSESSMENTS: Subd. 1. Installments: a. Except as provided below, all assessments shall be payable in equal annual installments extending over such period, not exceeding thirty (30) years, as the resolution determines, payable on the first Monday in January in each year, but the number of installments need not be uniform for all assessments included in a single assessment roll if a uniform criterion for determining the number of installments is provided by the resolution. The first installment of each assessment shall be included in the first tax rolls completed after its adoption and shall be payable in the same year as the taxes contained therein; except, that the payment of the first installment of any assessment levied upon unimproved property may be deferred until a designated future year or until the platting of the property or the construction of improvements thereon, upon such terms and conditions and based upon such standards and criteria as may be provided by resolution of the Council. b. In any event, every assessment, the payment of which is so deferred, when it becomes payable, shall be divided into a number of installments such that the last installment thereof will be payable not more than thirty (30) years after the levy of the assessment'. Subd. 2 . Interest: All assessments shall bear interest at such rate as the resolution determines, not exceeding the maximum permitted by law; except, that the rate may, in any event, equal the average annual interest rate on bonds issued to finance the improvement for which the assessments are levied. Subd. 3. Application of Interest to Installments: a. To the first installment of each assessment shall be added interest on the entire assessment from a date specified in the resolution levying the assessment, not earlier than the date of the resolution, until December 31 of the year in which the first 1. See Section 202 . 13 for deferral of assessments .