HomeMy WebLinkAbout86-0142. Such assessment shalltbe payable in annual equal principal installments
extending over a period of ten (10) years and shall bear interest at
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the�rate of 8.5% per annum from the date of the adoption of `this y
assessment resolution. 1b the first installment shall, be added
interest on the entire assessment from the date of this resolution
until December 31, 1987. Tb each subsequent instaliment� when dine shall
be added interest for one year on all unpaid . installments.
33. Thel owner of any property o assessed roe at L
rtY
time Y . any ;prior to `
certification of the assessment to the oounty { auditor, pay the whole of
the assessment on such property, with interest accrued <<to the ,date of
char9ed�f the entire a• except th no interest , shall be
assessmen is id within 30 " .
pa days from the II
adoption of this resolution; and he may, at of
y any thereafter, piny �'to
the county treasurer the installment and interest in process of i
collection on the current tax l
at, and he may pay the _remaini
Principal, balance of the assessment to the city treasurer. In either
Vie• payment =mdwst be made by December�15 in order to avoid` interest ,
through Devenaber 4 of the next succeeding year.
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(612 447.4230 4629 DAKOTA STREET S.E. r P.O. BOX" 359 ,'PRIOR LAKE, MINNESOTA 56372
44
CITY OF FiRIOR `LAKE
RESOLUTION 86 -14 �
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REBC,LUTION ADOPTnG ASSESSKW FOR =.
PR47BCT 86 -12, CATES STREET'
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MOTION BY White: SECONDED BY ° Fitzgerald ,
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HERE, pursuant to proper notice duly given.as required by law, the Council l
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_ has met and heard and passed upon all objections to the proposed
assessment for Project X86 -12, Cates Streetf
NOW TffiREFORE, BE IT RESCLVED BY TEE CITY OOUMIL OF PRIOR LAKE,MINI 9pR'Pi r'x
1. Such proposed assessment, a copy of which is attached hereto and made
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 "pr9po6A1
iWcovement i
in the amount of the assessment levied against it.
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