City Council Resolution 2002-68RESOLUTION 2002-68
RESOLUTION ADOPTING ASSESSMENT
WALNUT STREET CORRIDOR
IMPROVEMENTS PROJECT NO. 2000-17C
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 for the improvement of a nine block area bounded
on the north by 4"' Street on the south by 7"' Street, on the east by tH 25 and on the west by Walnut Street
by the installation of concrete sidewalks, bituminous pathway, street lighting, boulevard improvements and
other appurtenant work
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO,
MINNESOTA:
1. 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 included is hereby found to be benefitted by the proposed improvement in the amount
of the assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending over a period of ten years,
the first of the installments to be payable on or before the first Monday in January, 2003 and shall
bear interest at the rate of 5.5% percent 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, 2003. 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 Treasurer, except that no interest shall be charged if the entire
assessment is paid within 30 days from the adoption of this resolution; and he may, at any time
thereafter, pay to the City Treasurer 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 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.
Adopted by the Monticello City Council this 28' day of October, 2002.
ATTEST:
Rog elsaas, Mayor
Rick Wolfsteller, City Administrator