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City Council Resolution 2014-42CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION NO. 2014-042 ADOPTING ASSESSMENT ROLL AND CERTIFYING ASSESSMENTS TO THE TAX FORFEIT PARCELS BENEFITTING FROM HILLSIDE FARM THIRD AND FOURTH ADDITION PUBLIC IMPROVEMENTS CITY PROJECT NO. 12CO08 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 assessments for the proposed public improvements for Hillside Farm 3rd and 4ffi Additions, including the final lift of pavement on the development's internal streets, sidewalk construction along Deer Street and Bison Avenue, utility adjustments, cluster mailbox placement, trail construction along Fenning Avenue adjacent to the development, internal trail extension north of Deer Street on the east side of the development, installation of conservation easement posts, silt fence removal, cleanup, and other associated appurtenant work; and NOW, THEREFORE, BE IT RESOL YED BY THE CITY CO UNCIL OF MONTICELLO, MINNESOTA: 1. Such proposed assessment, copies of which are 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 benefitted by the proposed improvement in the amount of the assessment levied against it. 2. Each assessment, in the amount adopted in the assessment roll, shall be certified to the 47 tax forfeit parcels in Hillside Farm 3rd and 4d' Additions. The Wright County Auditor has been authorized to add these assessment amounts to the starting value of the tax forfeit parcels and place these parcels on auction for sale to the public. Such assessments shall be collected and paid over to the City following sale of the parcels at auction. 3. The City states their intention to reassess unpaid assessments that have been cancelled on the 47 tax forfeit parcels, provided that sufficient revenue is not generated from sale of these parcels at public auction. Unpaid assessments principal balances in the amount of $8,960.99 for Hillside Farm 3rd Addition and $12,072.26 for Hillside Farm 4d' Addition could be assessed over a 10 year period at 5.5 % (percent) interest, pending approval of the Monticello City Council and subject to Minnesota Statutes 429.071, 435.23, and 444.076. ADOPTED BY the Monticello City Council this 28th day of April, 2014. 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