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CITY OF PRIOR ' RIO LAKE
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WSMUM 86 -12
MaMQPION ADOPTDG ASSESSWU FOR
PRNWr 86 .14, - WW S STREET BRIDGE
MDTION BY _- White '
., SDOONDED BY Fitzaerajd
WHEREAS, pursuant to proper notice duly given as requireff law, the council
has and heard and passed upon all objections to the Proposed
°,:assessment for Project 86 -14, I,ord' Street Bridge;
,
NOW -11113 BE IT RESOLVED BY THE,;CITY COUA1M CP PRIOR LAKE, MINNESOTA:
1. Such proposed assessment, a copy of which is attached hereto 7and made
r part hereof, is hereby accepted and shall constitute the special
assessment against the lards named" therein,, and each 1, tract of land
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therein included is herep�yy found to be benefited by °the proposed
Improvement in`the amount of the assessment levied against it.
2. Such assessment shall be annual equal principal installments
° extending over a period of -ten (10) yearn and shall bear, interest at c_
the rate of 8.58. per annum from the' date of the adoption of this
assessment .resolution. To the first- installment shall be added
interest on the entire assessment frap the da of this resolution
until December 31 1997. Tb each subsequent installment when "due shall
be. addr4 interest for one kear` "'on ail unpaid installments.
3W The ";'Of any' property. so -- assessed may, at any time prior tot,
certification of the asses rmmnt to the county auditor, pay the whole-of
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the assessment -fjn su'6h pr.o "party, frith interest accrued to the date of
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payment, to the city, treasurer, except that no interest shall be.-
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charged if the entire assessment is paid within 30, -days from the
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adoption of this resolution; and he`may any time thereafter,'pay to,
the county ,treasurer the installment and interest in process of
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collection on the current tax list, and he may pay 'the rem
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,,principal balance of the assessment to the city treasurer.' In either
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case, payment most be made by December 1531n order to avoid- interest,,- F
through DecNaber 31 of the next succeed =%
In9 Year=
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