HomeMy WebLinkAboutOrdinance 320
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CITY OF' ~'lOUNDS VIE\-/
COUNTY OF RAr.tSEY
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AN ORDINANCE AivlENDTNG THE MUNICIPAL CODE,
OF r.!OUNDS VIE\v BY MtENDING ClIJI.P'I'ER 26,
ENTT'I'LED "PUBLIC It--1PIWVEMENTS"
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The Cuunril of the City of t--loullds View does hereby orcain:
SECTION I.
CI1<1pter 26. 10, Subd i vis ion 2, !~~2.pt ion_~nt€rest,
is amended ~~ follows:
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Subdivision 2. ~doption; Interest. At such
meeting arat any adjournmen~ thereof the Council
" shall hear and pass upon all objections to the , _'
:'-;!">',':",":"" . 'proposed assessment, whether pre3ent.ed orally 0:'-"'-"
_....._",.in ~..'!:'iti!!~. '!'h<:> ('('1_'....('11 lfl~Y ~mpnn the pro!>osed'"
. asse"ssrnent as to ~ny p~rccl ~~d by rcso~ution
adopt the same as the special assessment against
the lands named in the nssessment roll. No'ice
of any ad~iournmeiOt of the hearing shall be adequate
if the minutes of the meeting so adjourned show
~~e time ~nd place, when and where the hearing is
to be continued, or if three days notice thereof"
be puol i shed in the newspaper. 'l'he assessment, '::,
,'_" ::,~~,~::.".".~;c,,:,-with ac~ruing. interest, shall be a, lien upon all"
,ic~:'~~;;1fh::l,}s.{~;~~?'K~;!:::pi i'yate'c1ndpublic propert yinc !,uded therein, from
":~"__.:'~.~:._~.,,the, cia te of the resolution adopting, the assessment , ';,
"- ....-..-..........-... ........... concurren"t with the general taxes: but'.. the" 1 iet:l ;~:~~.:. :.":>
, ," ". shall not be enforceable agair.st public property"
".--"",_...:::~[~~r;__?E:,~:rt~~g t~: ,~~s;~s~~~~ i~~;1 ~w~:d ;e6~ee~~'~~~gf;~~h.-~:--.
::::~:~~":~...',::::;the owner of such property only in. the mar.ner and:'
..,,- "" to the extent provided in Chapter 2 6 .16',. Except
s provided bel.ow, all assessments shall be payable " "
in equal annual installments extending over 'such, \
period, not exc,~eding thirty years, as the
resolut ion determines, payable or. the first Monday
,i.n January in each year, but the numb~L of install-'
ments need not be uniform for all assessments
included in i1 sinqle assessment roll if a uniform
criterio~ for determining the number of installments
is provided by the resolution. The first install-
ment of each assessment shall be included in the
first tdX rolls completed ~fter its adoption and
stlall be p~y~ble in the same year as the taxes
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ORDINl\NCE NO.
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320
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cor.t.:lincd therein; l::'xccpt that the payment---of
t.he t ir st in st a llment. of any .:::lssessm(~nt levied
upon unimprvvcc1 property may be deferred unt.il
d dcsiyni.lt.ed flltll['" year or until the platting
of the ~ropc:rLY or the construction of irnprove-
m<.~n ts thoreOll, upon such, terms and conditions, and '",
tklS(,J ui'u:' ~t.:ch st;:lnd;trds and criteria as mdY be
provided by n)solution of the council. In dny
event. e\'<..:r'/ ,1:3;:;essmenL, t.he payment of which is
:;() dl'fen'cd, when it t.ecomes payable, shall be
dlVid(~d i!lln Ll numh(!r of installments such that
the L,lst in~;tdllment thereof will. be payable not
more tl".an thirty years .:l.ftcr th(' lt~vy of the
.:::lS~<..:5smcnt. ^ll~sScssments shall bear interest at.
S'.lC-1\ l-.:ltc 2<"; t.he resolution~etermines, noL -
exceedinq 8_!,,~r_tH~ft~-p~r""-af'lfhiH\th~ maximum permitted ::',
by l.:lvJ, ex,:=ept. that the rate may' in any event equal:,_::
the aV\2ra'lf' annual interest rate on bonds 'issued. _::;.
to f ir.::.;'.:- _ ;;.i1,,== irrlp_"~':cment for which the assessments
are levieu. '1'0 tht:: ,fir$t installment of each ' ,
'''assessment shall be added, int:.,~,t~~_~t on the ent{re ,-
assessment from a date speci'f{ed inthe':-r-esolution~:;~:':"-
levying the <lssesSmcnt.,' not earlier ..than the dat-e
of the resoll1tion, until December 31 of the year
'n which the first installment is payable, and to
uach subsequent ~nstallffient shall be added interest
"e}r one ye.:lr- on a 11 unpa id installments; or,
..1ll~Cn1;ltively. any assessment. may be made payable
in equal dl1ll'JCll ,installment.s :including p~incipal
an~ interest, each in the am6unt annually required~"
to ~3Y the principal over 9uch period with interes~
ilt sucr. r<1te as th2 resolut.io:l d-;tennines, not
exceeding th0 maximum period and rate specified
above. In the latter event, no prepayment shall
be i1c,:;,..:pted under :;ubdivision 3 without pu:.-'ment
of :111 i nsL"lllments due to arid including December 31
of the year of prepayn~nt, together with the ,
ori'JillLl1 r:-rincipal amour.t reduced onl~ by the'
amounts of principal included in such installments,
conputed on .:In annual amortization basis. \-ihen
payment of .:::In assessment is deferred, as authorized
in this subdivision, interest. thereon for the ,
per iod of (~eferment may be 'in.~de payable annually','<'
at the same times as tne'principbl installments c'
of the assessment would have been payable if not' -
dcfcrrcd; or intercst for t.his period may be added
to the prlllc;pal amount of the assessment when it
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ORDINANCE NO. 320
Page Three
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ik:C01'hc-'S payable: or, if so provided in the
resolut ion levying the assessment., '. inter.est, "
thereon to December 31 of the yea-r befor.e>the,'.. " n
first insta lltnent is' payabletna:y< be ~[org i v,e~ ~':""''''':"''
SECT IO~; I I
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Chapt.:::r 2G.O:;, SuWlv.i:::ion 5, Petition By'
Al~Owners, is amended as follows:
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Subdivision 5. Petition By All Owners.
Whe~ever all owners of real pr0perty abutting
upon any street named as the location of any
,improvement shall petition the C')unc':i 1 to""
construct the improvemenLand to,assess the
entirp cost against their property, the CQuncil
may, wi~he~e after a public hear.ing, ~s provided
in Chapter 8 or-the Home Rule Cha!:'ter, adopt "<:,:
~-resolution determining s~ch,f3cts and ordering
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"This ordinance _shall ~.takE:.:;effect. '30/days":aft~.r~T:~' >T'
the date of its ,pu}:\l~ca.,t::~P!J.,:<,.~~;,;>..~~_
Read by the Council of the City of Mound~ View~on nthis~::,25thday::."..
of Oct0~er , 1982.
SECTION 11 I
Read and passed l.:- the CO~lnc il of the I--:i ty of r-1ounds Vi l"W th is'
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