City Council Resolution 1995-61RESOLUTION 95- 61
RESOLUTION ADOPTING ASSESSMENT
SOUTHWEST AREA UTILITY EXTENSION
AND APPURTENANT WORK
PROJECT 95 -OIC
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 lift station and extension of sanitary sewer and water main from a location near Sandberg
Road to the Gould Chevrolet and D & D Bus Company properties.
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
benefited 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 10 years, the first of the installments to be payable on or before the first
Monday in January 1997, and shall bear interest at the rate of 6.5% 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, 1996. 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.
Adopted by the City Council this 13th da;
City Administrato