City Council Resolution 2006-101CITE' OF MONTICELLO
RESOLUTION NO. 2006-101
RESOLUTION ADOPTING ASSESSMENT
CORE STREET RECONSTRUCTION PROJECT
PROJECT NO. 2006-01C
WHEREAS, pursuant to notice duly given as required by law, the City Council has met, heard and
passed upon all objections to the proposed assessment for the Core Street Reconstruction Project, City
Project No. 2006 -01 C and has amended such proposed assessment as it deems just;
NOW THEREFORE, BE IT HEREBFRESOLVED by the City Council of the City of Monticello,
Minnesota as follows:
L Such proposed 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 is hereby found to be benefited by the proposed assessment.
2. Such assessment shall be payable in equal annual installments including principal and interest
extending over a period often years with the first installment payable on or before the first
Monday in January, 2007, with interest at the rate of 5.5% 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 the date of this resolution until December 31, 2007.
3. The owner of the 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, except that no interest shall be- charged if the entire
assessment is paid within 30 days from the adoption of this resolution.
4. The City Administrator shall forthwith transmit a certified duplicate of this assessment roll to
the County Auditor to be extended on the proper tax list of the county and such assessment
shall be collected and paid over in the same manner as other municipal taxes.
Adopted by the Monticello City Council this 13th day of November, 2006.
ATTEST:
Administrator
C"I
Clint Herbst, Mayor
♦ �` /�