City Council Resolution 2000-81RESOLUTION 2000-81
RESOLUTION ADOPTING ASSESSMENT
7" STREET EAST EXTENSION
PROJECT NO. 98-12C
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 7TH Street east by
the construction of bituminous streets with concrete curb and gutter, sanitary sewer, watermain, storm
sewer, trail and other necessary 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
twenty years, the first of the installments to be payable on or before the first Monday in
January, 2002 and shall bear interest at the rate of 5.75 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, 2001. 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 23rd day of October, 2000.
ATTEST:
C�
Rick Wolfsteller, Cit Administrator
R ger Belsaas, Mayor