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RESOLUTION NO. 2026 – RESOLUTION ADOPTING ASSESSMENTS FOR THE 2026 BALD EAGLE INDUSTRIAL PARK AREA STREET IMPROVEMENT PROJECT CITY OF HUGO, WASHINGTON COUNTY, MN WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment against abutting property generally located along the following roadways:  130th Street N from Europa Trail to Forest Blvd N / Trunk Highway 61 (TH 61)  Farnham Avenue N from the south terminus to 130th Street N  Fenway Blvd N from 130th Street N to 140th Street N  140th Street from Fenway Blvd N to Forest Blvd / TH 61  Fenway Blvd Court N from Fenway Blvd to its eastern terminus The improvements include partial roadway reconstruction, mill and overlay, spot curb and gutter replacement, minor drainage improvements, and trail construction. NOW, THEREFORE, IT BE RESOLVED, by the City Council of the City of Hugo, Minnesota, as follows: 1. Such assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in annual installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January 2027, and shall bear interest at the rate of 4.55% per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from November 15, 2026 until December 31, 2026. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city finance director, except that no interest shall be charged if the entire assessment is paid by November 15, 2026; and may, at any time thereafter, pay to the city finance director the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The city clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes.