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against every assessable lot, piece, or parcel of land affected thereby has been duly calculated <br /> upon the basis of benefits, without regard to cash valuation, in accordance with the provisions of <br /> Minnesota Statutes, Chapter 429, and notice has been duly published, as required by law that this <br /> Council would meet to hear, consider and pass upon all objections, if any, and said proposed <br /> assessment has at all time since its filing been open for public inspection and an opportunity has <br /> been given to all interested persons to present their objections if any, to such proposed <br /> assessments. <br /> 2. This Council, having heard and considered all objections so presented, finds that each of the lots, <br /> pieces and parcels of land enumerated in the proposed assessment was and is specially benefitted <br /> by the construction of said improvement in not less than the amount of the assessment set opposite <br /> the description of each such lot, piece and parcel of land respectively, and such amount so set out <br /> is hereby levied against each of the respective lots, pieces and parcels of land therein described. <br /> 3. The proposed assessments are hereby adopted and confirmed as the proper special assessments <br /> for each of said lots, pieces and parcels of land respectively, and the assessment against each <br /> parcel, together with interest at the rate calculated at 2% over the prime rate at the time of <br /> assessment per annum accruing on the full amount thereof unpaid, shall be a lien concurrent with <br /> general taxes upon parcel and all thereof. The total amount of each such assessment not pre-paid <br /> shall be payable in equal annual principal installments extending over a period of years, as <br /> indicated in each case. The first of said installments, together with interest on the entire <br /> assessment for the period of January 1, 1995 through December 31, 1995, will be payable with <br /> general taxes for the levy year of 1994, collectible in 1995, and one of each of the remaining <br /> installments, together with one year's interest on that and all other unpaid installments, will be <br /> payable with general taxes for each consecutive year thereafter until the entire assessment is paid. <br /> 4. Prior to certification of the assessment to the County Auditor, the owner of any lot, piece or <br /> parcel of land assessed hereby may at any time pay the whole such assessment, with interest to <br /> the date of payment, to the City Finance Director, but no interest shall be charged if such payment <br /> is made by November 30, 1994. <br /> 5. The City Clerk shall, as soon as may be, prepare and transmit to the County Auditor a certified <br /> duplicate of the assessment roll, with each installment and interest on each unpaid assessment set <br /> forth separately, to be extended upon the property tax lists of the County and the County Auditor <br /> shall thereafter collect said assessment in the manner provided by law. <br /> Adopted this I day of 3-a vi u-a-r�f , 199 <br /> Mayor <br /> ATTEST: �� <br /> City Clerk <br /> Reviewed for administration: <br /> • City Manager <br />