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i <br /> • <br /> RESOLUTION 86-038 <br /> A RESOLUTION ADOPTING SPECIAL ASSESSMENTS <br /> RELATING TO THE IMPROVEMENT OF ST. ANTHONY <br /> BOULEVARD BETWEEN STINSON BLVD. AND SILVER <br /> LAKE ROAD. <br /> WHEREAS, pursuant to proper notice duly given as required by law, <br /> the Council has met and heard and passed upon all objections to <br /> the proposed assessment for the improvement of St. Anthony <br /> Boulevard between Stinson Boulevard and Silver Lake Road, <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> ST. ANTHONY, MINNESOTA: <br /> 1 . Such proposed assessment, a copy of which is attached <br /> hereto and made a part hereof, is hereby accepted and shall <br /> constitute the special assessment against the lands named <br /> therein, and each tract of land therein included is hereby found <br /> to be benefitted by the proposed improvement in the amount of the <br /> • assessment levied against it. <br /> 2. Such assessment shall be payable in equal annual <br /> installments extending over a period of ten years, the first of <br /> the installments to be payable on or before the first Monday in <br /> January, 1988 and shall bear interest at the rate of eight ( 8) <br /> percent per annum from the date of the adoption. of this <br /> assessment resolution. To the first installment shall be added <br /> interest on the entire assessment from the date of this <br /> Resolution until December 31 , 1987. To each subsequent <br /> 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 <br /> prior to certification of the assessment to the County Auditor, <br /> pay the whole of the assessment on such property, with interest <br /> accrued to the date of payment, to the City Treasurer, except <br /> that no interest shall be charged and a ten ( 10) percent discount <br /> on the full amount of the assessment shall be allowed if the <br /> entire assessment is paid prior to January 15, 1987 ; and he may <br /> at any time thereafter, pay to the City Treasurer the entire <br /> amount of the assessment remaining unpaid, with interest accrued <br /> to December .31 of the year in 'which such payment is made. Such <br /> payment must be made before November 15 or interest will be <br /> charged through December 31 of the next succeeding year. <br /> • <br />