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RESOLUTION NO. 9084 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />ADOPTING A SPECIAL ASSESSMENT LEVY FOR THE 2018 BUSINESS PARK NORTH <br />STREET PROJECT <br />WHEREAS, pursuant to proper notice given as required by law, the City Council has met <br />and heard and passed upon all objections to the proposed assessment for the 2018 Business <br />Park North and Street Improvements. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View <br />that: <br />1. Such proposed assessment roll, a copy of which is attached hereto and made a part <br />hereof, is accepted and shall constitute the special assessment against the lands named <br />therein, and each tract of land therein is hereby found to be benefited by the 2018 <br />Business Park North Street Improvement in the amount of the assessment levied against <br />it. <br />2. The assessments as adopted and confirmed shall be payable in equal annual installments <br />over a period of ten (10) years, the first of the installments to be payable on or before the <br />first Monday in January 2020, and shall bear interest at the rate of five and one half (5.5) <br />percent per annum from February 25, 2019. To the first installment shall be added <br />interest on the entire assessment from February 25, 2019 through December 31, 2019. <br />To each subsequent installment when due shall be added interest for one year on all <br />unpaid installments. <br />3. The owner of any property so assessed may at any time prior to the certification of the <br />assessments to the County Auditor pay the whole of the assessment, with interest <br />accrued to the date of payment, to the City Treasurer, except that no interest shall be <br />charged if the entire assessment is paid within 30 days from the adoption of this <br />resolution; and the owner may, at any time thereafter, pay to the City Treasurer the entire <br />amount of the assessment, with interest from the date of adoption of this resolution <br />through the date of payment, such payment must be made before April 15th, or interest <br />will be charged through December of the succeeding year. <br />4. The City Administrator shall forthwith transmit a certified duplicate of this assessment to <br />the County Auditor to be extended on the property tax lists of the county, and such <br />assessments shall be collected and paid over in the same manner as other municipal <br />taxes. <br />Adopted this 251 day of February, 2019. <br />(ATTEST) <br />til <br />(SEAL) <br />The Mounds View Vision <br />A Thriving Desirable Community <br />LaW A 4a <br />Carol A. Mueller, Mayor <br />40 zd2 — <br />Nyle ikmu d, City Administrator <br />